A graph that shows the value of an economic variable for different groups in a population at a given time is called a
A) pie chart.
B) cross-section graph.
C) scatter diagram.
D) time-series graph.
E) fixed-time diagram.
B
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Keynesian theory is based on the hypothesis that
A) full employment is automatically attained in any economy. B) saving is influenced primarily by the interest rate. C) saving and consumption are influenced primarily by real current disposable income. D) planned savings equal planned investment only at full employment.
Which of the following is a name for when a bank promises to lend funds to a borrower to pay off its commercial paper?
A) loan commitment B) standby letter of credit C) securitization D) loan sale
Refer to the above figure. Ajax and Greenco are oligopolists. Above you are given the payoff matrix for the two firms giving the payoff associated with different pricing strategies
What is the best strategy for Greenco if Ajax decides on charging a high price? A) high price B) low price C) There is no best strategy. D) Not enough information is given to determine the best strategy.
The Fed uses the federal funds rate to pursue its twin goals of: a. exchange rate stability and maximum GDP
b. interest rate stability and maximum GDP. c. deflation and maximum GDP. d. price stability and maximum employment. e. interest rate stability and maximum employment.