Securities markets perform a valuable economic function because they provide
a. an opportunity for investors to make money in a short time.
b. the principal indicator of the performance of the U.S. economy.
c. an easy way to transfer corporate securities, thereby reducing risk to investors.
d. assurance that stock purchasers can get back the purchase price of their stock.
c
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Labor productivity is defined as
A) the amount of workers per unit of input. B) the amount of input per worker. C) the increase in output per unit of machinery. D) the amount of output per worker.
Supply shocks are a potential source of higher inflation, unless the government counters with ________ policy that ________ the money growth rate
A) extinguishing, reduces B) extinguishing, increases C) neutral, leaves unchanged D) accommodative, reduces E) accommodative, increases
Suppose earnings are given by E = $60 + $7(24 ? L), where E is earnings and L is the hours of leisure. The fixed payment for this worker is:
A. $60. B. $24. C. $0. D. $7.
Firms do not have market power in which of the following market structures?
A) perfect competition only B) perfect competition and monopolistic competition C) oligopoly D) monopoly