Satya Nadella is the Chief Executive Officer of Microsoft as well as a member of Microsoft's board of directors. Nadella is therefore classified as an
A) outside director. B) inside director.
C) independent director. D) unbiased director.
B
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The ultimate result of the multiplier-accelerator interaction is a(n)
a. lengthy period of economic growth and prosperity similar to the one experienced in the 1990s b. prosperity at an annual growth rate of about three percent, which is the rate of growth of full employment GDP c. noninterventionist government countercyclical fiscal policy d. need for the economy's rate of growth to grow or at least remain constant otherwise a positive but slower growth rate can spark an economy's downturn e. need for the economy to maintain its current level of consumption to justify the increased level of capital stock
According to liquidity preference theory, an increase in the price level causes the interest rate to
a. increase, which increases the quantity of goods and services demanded. b. increase, which decreases the quantity of goods and services demanded. c. decrease, which increases the quantity of goods and services demanded. d. decrease, which decreases the quantity of goods and services demanded.
If average labor productivity decreases while population and the number of employed workers remain constant, then output per person:
A. may increase or decrease. B. increases. C. decreases. D. remains constant.
Which of the following transactions would represent an addition to a nation's current gross domestic product?
A. Ms. Smith purchases a share of stock in an automobile company. B. A retailer increases her stock of imported shoes. C. The government increases its domestic purchases of food for use by the military. D. A corporation sells shoes from last year's inventory. E. A mother sells her car to her daughter.