The nominal interest rate is:
A. not adjusted for inflation.
B. the interest rate paid by savers.
C. the interest rate paid to borrowers.
D. the price level adjusted interest rate.
A. not adjusted for inflation.
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The shampoo industry is constantly coming out with new products. The reason is that when a firm introduces a new shampoo into the market, the demand for the shampoo becomes ________ temporarily and economic profit ________
A) more elastic; decreases B) less elastic; increases C) more elastic; increases D) less elastic; decreases E) unit elastic; increases
Which of the following is the formula for the marginal product of labor?
A. F(L) - F(L - ?L) B. F(L)/L C. F(L)/?L D. [F(L) - F(L - ?L)]/?L
During a bank run, depositors decide to hold more currency relative to deposits and banks decide to hold more excess reserves relative to deposits
a. Both the decision to hold relatively more currency and the decision to hold relatively more excess reserves would make the money supply increase. b. Both the decision to hold relatively more currency and the decision to hold relatively more excess reserves would make the money supply decrease. c. The decision to hold relatively more currency would make the money supply increase. The decision to hold relatively more excess reserves would make the money supply decrease. d. The decision to hold relatively more currency would make the money supply increase. The decision to hold relatively more excess reserves would make the money supply decrease.
Some economists argue the best response to a monopoly is to:
A. never publicly own enterprises because it raises taxes. B. do nothing at all. C. do whatever the public demands. D. None of the statements is true.