Which statement is true?
A. Xn has always been positive.
B. Xn has always been negative.
C. Xn had been positive from 1900 until the 1970s.
D. Xn had been negative from 1900 until the 1970s.
C. Xn had been positive from 1900 until the 1970s.
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The change in demand deposits varies directly with
A) the currency ratio. B) the reserve ratio on demand deposits. C) the monetary base. D) the reserve ratio on time deposits.
In a competitive market for labor, the equilibrium wage always equals the value of the marginal product
a. True b. False Indicate whether the statement is true or false
Which statement is true about advertising?
A. If you are a tomato grower you will make more profit by advertising widely. B. Advertising is most useful if it is spent on new products of good quality. C. It is best to spend advertising money on the products with the lowest quality and lowest consumer demand. D. If John Kenneth Galbraith's "revised sequence" is correct, advertising is a waste of money.
Which of the following is the best example of an automatic stabilizer?
A. welfare payments B. foreign aid C. defense spending D. highway construction