Refer to the below table and information. What is the marginal revenue product of the fifth worker?
Refer to the above table and information. What is the marginal revenue product of the fifth worker?
A. $6
B. $7
C. $8
D. $9
D. $9
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When the Fed buys Treasury securities
A) the budget deficit declines. B) the money supply decreases. C) the money supply increases. D) profits are maximized.
An effective price ceiling will be set above the equilibrium price.
Answer the following statement true (T) or false (F)
Consider two similar economies hit by the same temporary negative supply shock. In the economy with the more credible monetary policy, there will be ________
A) smaller increases in both inflation and the real interest rate B) a smaller increase in inflation and larger increase in the real interest rate C) a smaller increase in inflation and larger decrease in output D) a smaller increase in output and larger increase in the real interest rate
On the diagram to the right a movement from A to B (downward movement on the demand curve) represents a
A. decrease in demand B. change in demand C. change in quantity demanded D. movement up the demand curve