The level of the capital—labor ratio that maximizes consumption per worker in the steady state is known as the
A) Solow residual capital—labor ratio.
B) Golden Rule capital—labor ratio.
C) q theory capital—labor ratio.
D) dynamically efficient capital—labor ratio.
B
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If a Japanese importer could buy $1,000 U.S. for 122,000 yen, the rate of exchange for one dollar would be ________.
A. 1,220 yen B. 122 yen C. 820 yen D. 8.19 yen
The aggregate demand curve shows that, if other factors are held constant
A) higher price levels will result in higher total planned spending. B) higher price levels will result in lower total planned spending. C) lower price levels will result in inflationary conditions. D) higher price levels will result in lower interest rates.
Harry works at the video rental store for 20 hours per week. He's asked his boss to allow him to work 40 hours per week, but has been told that business is too slow. Harry is considered
A) a discouraged worker. B) an involuntary part-time worker. C) a marginally attached worker. D) not in the labor force. E) a job seeker.
Though Treasury bonds may have little default risk, what type of risk exists when current interest rates are low?
A) price risk B) refinancing risk C) interest-rate risk D) present value risk