In the long run, a firm can vary
A) its capital but not its labor.
B) its labor but not its capital.
C) both its labor and its capital.
D) neither its labor nor its capital.
C
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Which of the following is TRUE regarding the effect expected future income has on saving?
I. As expected future income increases, saving increases. II. Young people typically save very little. III. Middle aged people, earning higher incomes, are not very big savers. A) I and III B) II only C) III only D) II and III
The Fed buys $50,000 of government securities from Commerce Bank. The desired reserve ratio is 25 percent. What is the change in Commerce Bank's total reserves and its excess reserves?
What will be an ideal response?
The left side of an account is used to record which of the following?
a. Debit or credit depending on the type of account b. Increases c. Credits d. Debits
If there are powerful unions in a labor market, the use of the supply-and-demand model to analyze labor markets
A. will cause you to believe the wage will be higher than it is. B. will cause you to believe the wage will be lower than it is. C. will cause you to believe that fewer people will be hired than will be. D. is completely accurate.