The official settlements balance ________ if the IS-LM intersection is ________ the FE curve.
A. has a zero value; on
B. is in surplus; to the right of
C. is in surplus; on
D. is in deficit; to the left of
Answer: A
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If the demand for a good is determined to be "elastic," then the elasticity measure
A) is greater than 1.0. B) is equal to 1.0. C) is less than 1.0. D) is infinite.
Other things being equal, how would the market for bicycles be affected by an increase in the availability and number of bicycle paths?
a. An increase in prices and a decrease in the quantity exchanged b. An increase in prices and an increase in the quantity exchanged c. A decrease in prices and a decrease in the quantity exchanged d. A decrease in prices and an increase in the quantity exchanged
If the economy has no automatic stabilizers built in, the multiplier will
A. be smaller than it would have been with automatic stabilizers. B. be zero. C. be larger than it would have been with automatic stabilizers. D. be infinitely larger than it would have been with automatic stabilizers.
A firm should be transparent, meaning
a. the windows at headquarters should be cleaned regularly b. if executives lie during a stockholder meeting, people should be able to see right through them c. someone should be able to look at the books and the balance sheet and tell exactly what's going on d. None of the answers is correct e. All of the answers are correct