A firm that places its assets in the custody of a board of trustees is called a:
a. trust.
b. combination.
c. cartel.
d. all of these.
a
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Which of the following would cause a positive change in quantity demanded?
a. A rise in supply. b. A fall in supply. c. A rise in demand. d. A fall in demand.
A firm that is a price taker faces a perfectly ______ demand curve.
A. horizontal B. vertical C. inelastic D. convex
Kanye opens a savings account with $5,000. The account pays 7% interest compounded annually. Kanye deposits $100 every month. How much money will be in the account after five years?
a. $14,247.42 b. $10,157.64 c. $16,516.62 d. $8,317.13
If the Fed thought the economy was experiencing a recessionary gap, and it wanted to correct this gap, it would
A. raise the reserve requirement. B. sell bonds. C. lower the differential between the discount rate and the federal funds rate. D. increase aggregate supply.