Government expenditures on housing subsidies at all levels total more than $45 billion a year
a. True b. False
a
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If people withdraw $10 million from the nation's money market mutual funds and redeposit the funds in various checkable and debitable accounts, then
A) M1 and M2 will remain unchanged. B) M1 will increase, M2 will remain unchanged. C) M1 will increase, M2 will decrease. D) M1 and M2 will increase.
Refer to the above diagram, which shows demand and supply conditions in the competitive market for product X. A shift in the demand curve from D0 to D1 might be caused by a(n):
A. increase in the price of substitute product Y. B. decrease in income if X is an inferior good. C. increase in the price of complementary good Y. D. increase in money incomes if X is a normal good.
Labor productivity is measured by:
A. the ratio of capital to labor. B. real output per worker hour. C. real output per capita. D. the ratio of worker hours to real GDP.
Under perfect competition, the firm's supply curve is made up of the
A. points where MC=MR, and they make at least breakeven. B. points where MC=MR, and they make a profit. C. points where MC=MR. D. points where MC=MR above the minimum of AVC.