Economic growth most likely occurs when
A. a society learns to produce more using existing resources.
B. a society moves inside its production possibility frontier.
C. the society begins to produce the combination of goods society wants most.
D. a society moves along its production possibilities frontier.
Answer: A
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A corporation can raise funds by
a. selling stock in the corporation. b. issuing bonds. c. borrowing from the bank. d. All of these.
By the standard of low-grade bonds, interest rates were ________ and monetary policy was ________ during the Great Depression
A) low; tight B) low; easy C) high; tight D) high; easy
In the context of aggregate supply, the long run is defined as the period during which
a. some prices are set by contracts and cannot be adjusted. b. prices can change, but neither aggregate supply nor aggregate demand can shift. c. individuals have sufficient time to modify their behavior in response to price changes. d. quantity changes cannot occur in response to changes in relative prices.
A firm's retaining of earnings is really equivalent to the firm
A. decreasing the net worth of households. B. decreasing its own net worth. C. lending money to households. D. borrowing money from households.