If the length of time from the market-day supply to the long-run supply is ordered from the shortest to the longest time span for the number of new Subway sandwich franchises, board-feet of walnut lumber, teenage workers at amusement parks in the summer, and pounds of tomatoes at a summertime farmers' market we would have
a. pounds of tomatoes, teenage workers, Subway franchises, walnut lumber
b. teenage workers, Subway franchises, walnut lumber, pounds of tomatoes
c. Subway franchises. walnut lumber pounds of tomatoes
d. teenage workers, pounds of tomatoes, Subway franchises, walnut lumber
e. pounds of tomatoes, teenage workers, Subway franchises, walnut lumber
d. teenaged workers ,pounds of tomatoes, subway franchises, walnut lumber
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Which of the following is NOT an investment in human capital?
A) A business student takes a seminar in using a laptop computer. B) A student purchases a laptop computer. C) A computer science student learns how to repair a laptop computer. D) A computer science student takes a course on programming a laptop computer.
Assuming initially that the required reserve ratio = 15%, the currency-deposit ratio = 40%, and the excess reserve ratio = 5%, an increase in the excess reserve ratio to 10% causes the M1 money multiplier to ________, everything else held constant
A) increase from 2.15 to 2.33 B) decrease from 2.33 to 2.15 C) increase from 1.54 to 1.67 D) decrease from 1.67 to 1.54
According to the permanent-income hypothesis, a transitory increase in a person's income will
A) increase consumption more than savings. B) increase savings more than consumption. C) be smoothed out to where the increases in consumption and savings are roughly equal. D) have the same effect on consumption as a permanent increase in income.
The main source of profit for financial institutions is
a. their ownership of stocks in commercial corporations. b. their ownership of real assets received in foreclosures on loans to households. c. the fees charged for holding and servicing checking accounts. d. the difference between interest paid on deposits and interest received on loans. e. the difference between the cost of creating new money and the interest paid on loans.