Suppose there is an increase in income. This increase in income would have a direct effect on which of the following?
A) financial wealth
B) housing wealth
C) human wealth
D) all of the above
C
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To find the cost of the CPI market basket in the base period prices we have to multiply the
A) quantities in the CPI market basket by the base period prices and then multiply by 100. B) quantities in the CPI market basket by the base period prices. C) current period quantities in the CPI market basket by the current period prices. D) quantities in the CPI market basket by the current period prices. E) current period quantities in the CPI market basket by the base period prices.
If the firm’s marginal physical product is 8, and its handicrafts sell for $70, when a unit of labor costs $150, the firm is operating
A. short of an optimal input point. B. at the optimum input point. C. beyond the optimum input point. D. There isn’t enough information to determine if the input point is optimal.
If you lost 50 percent on $100 worth of stock in a 3x margin account, then you would lose:
A. $50. B. $150. C. $300. D. $600.
Which of the following is necessarily true when an economy is in long-run equilibrium?
a. Prices will be constant (that is, inflation will be zero). b. The actual output will be less than the full-employment (or potential) output. c. The actual rate of unemployment equals the natural rate of unemployment. d. The output of the economy will be greater than the full-employment output.