Positive supply shocks can have a tendency to ________ costs of production and ________ the inflation rate
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
D
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Real business cycle theory was introduced by
A) Milton Friedman and Robert Lucas. B) Milton Friedman and Anna Schwartz. C) Thomas Cooley and Gary Hansen. D) Finn Kydland and Edward Prescott.
Many individuals without health insurance receive "free" care. What are the sources of most of the care they receive?
a. Public hospitals and clinics. b. Private, not-for-profit hospitals. c. Private, for-profit hospitals. d. Multi-specialty physicians' practices. e. Solo practitioners and their associates.
The above table depicts output from a firm that manufactures computers. The computers sell for $1,000 each. What is the marginal revenue product (MRP) for the fourteenth worker per week?
A. 80 units B. $70,000 C. $60,000 D. 90 units
The net present value (NPV) is ________.
A) present value of the future operating profits from an investment plus the present value of the cost of the investment B) future operating profits from an investment minus the cost of the investment C) present value of the future operating profits from an investment minus the present value of the cost of the investment D) future operating profits from an investment plus the cost of the investment