The largest liability of the Fed from those on this list is
A) U.S. Treasury securities.
B) mortgage-backed securities.
C) loans to depository institutions.
D) currency outstanding.
D
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In both Gamma and Delta average labor productivity is $20,000 per worker per year. The population of Gamma is 200,000 and the population of Delta is 400,000. Sixty percent of the population in each country is employed. Total output in Gamma is ________ and total output in Delta is ________.
A. $120,000; $800,000 B. $8 billion; $4 billion C. $2.4 billion; $4.8 billion D. $4 billion; $8 billion
Adam and Becky both recently started new jobs. Both have determined that they should save 10 percent of their monthly income toward retirement. Adam's employer has no program established for payroll deduction, but he could easily set up automatic
withdrawals to go into a retirement fund. Becky's employer automatically directs 8 percent of the paycheck into a retirement fund, but the employee can change the percentage deducted. Behavioral economists would expect: A. Adam to save more as he would set up a 10 percent automatic withdrawal while Becky would stay at the default of 8 percent. B. Becky would save more, as both would tend to stay at the defaults provided by their employers. C. them both to save 10 percent eventually, as both had predetermined that that was the optimal amount to save. D. Becky to feel a greater sense of loss by seeing funds automatically withheld each month.
A monopolist finds the output (Q*) rate that maximizes profit. It finds the price by
A. taking the height of the demand curve at output rate Q*. B. taking the height of the marginal revenue curve at output rate Q*. C. taking the height of the marginal cost curve at output rate Q*. D. setting price equal to marginal cost.
In the above table, if this is a perfectly competitive firm and the market price of the product is $10, what is the marginal revenue product of worker 4?
A. $411 B. $100 C. $210 D. $120