Which of the following is not an economic investment?
A) construction of a housing project for the homeless
B) the increase in the inventory on a grocer's shelf
C) the purchase of machinery by ABC Manufacturing Company
D)the purchase of 50 shares of Aliant by a retired business executive
D)the purchase of 50 shares of Aliant by a retired business executive
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Open market sales shrink ________ thereby lowering ________
A) the money multiplier; the money supply B) the money multiplier; reserves and the monetary base C) reserves and the monetary base; the money supply D) the money base; the money multiplier
Along a short-run aggregate supply curve, which of the following is (are) held constant?
A) real GDP B) aggregate demand C) input prices. D) profits
Economic profit is
a. total revenues minus variable costs. b. total revenues minus private costs. c. total revenues minus explicit costs. d. total revenues minus total costs.
Which of the following countries had the highest level of real GDP per person in 2014?
a. Germany b. Canada c. United States d. Japan