The above figure shows the apartment market in Big City. What is the equilibrium rent in Big City?
A) $1500
B) $1350
C) $1250
D) $1125
B
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Which combination of fiscal policy actions would most likely offset each other?
A. An increase in taxes, but no change in government purchases B. A decrease in taxes and an increase in government purchases C. An increase in taxes and an increase in government purchases D. A decrease in government purchases, but no change in taxes
An individual with a diversified stock portfolio consists of
A. stocks of firms listed on the New York Stock Exchange. B. financial assets purchased from several different stock brokers. C. financial assets comprised of different types of firms and locations. D. corporate bonds with varying maturity dates.
The larger the simple deposit multiplier,
A) the higher the required reserve ratio. B) the higher the discount rate. C) the larger the change in the money supply for a given change in deposits. D) the less likely the Fed will be to use its monetary policy tools.
BP and Exxon both produce petroleum products and sell them at the wholesale and retail levels. One of them is also in the coal business. The merger of the two firms is an example of
a. horizontal integration. b. vertical integration. c. both horizontal and vertical integration. d. a tournament.