In a free market for rental housing, the average rental rate
a. includes a large amount of economic rent.
b. includes zero economic rent.
c. is entirely economic rent, since rental housing is fixed in supply.
d. is about 10 percent economic rent.
b
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The firm in the above figure has a markup of ________ per meal
A) $0 B) $4 C) $8 D) $10 E) more than $10
The portion of the money supply controlled by a central bank is
a. currency. b. deposits. c. reserves. d. the monetary base. e. the money multiplier.
An increase in inflation will cause a reduction in which of the following?
A. the GDP deflator B. the nominal value of money C. the real value of money D. the Producer Price Index
Which of the following is not considered investment?
A. the construction of a new factory B. the purchase of government bonds C. the acquisition of capital goods D. the increase in planned inventories