The stock price of a firm is primarily a reflection of the
a. firm's current net earnings per share.
b. firm's expected future net earnings per share.
c. discounted value of the firm's expected future net earnings per share.
d. firm's current net earnings per share multiplied by the interest rate.
e. book value of the firm.
C
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Employees at Bank of America are good at providing banking services and workers at Ben & Jerry's are good at making ice cream
If some bankers are moved to making ice cream, we get a small increase in the amount of ice cream produced and a large decrease in the amount of banking services provided. If the PPF has banking services on the vertical axis and ice cream on the horizontal axis, the effect of the change reflects A) decreasing opportunity costs. B) a bowed out PPF for banking services and ice cream. C) production efficiency. D) a shift to a flatter PPF.
The increased entry of women and young people into the U.S. labor force from 1960–1980 led to
a. increased unemployment. b. reduced unemployment. c. a more experienced workforce. d. a more effective monetary policy.
In the equation of exchange, an increase in M of 8 percent could be accompanied by changes in velocity, the price level and real GDP of: a. 0%, 4%, 4%
b. 0%, 8%, 0%. c. 0%, 0%, 8%. d. all of the above
Why is GDP a monetary measure?
What will be an ideal response?