The demands for labor and other input factors are called
A) derived demands, because the demand for these inputs depends on the demand for goods and services they are employed to produce.
B) developed demands, because the demand for these inputs is developed from an analysis of the costs of advertising products.
C) indirect demands, because the demand for these inputs is indirectly related to the costs of advertising products.
D) reverse demands, because the demand for these inputs varies inversely with the demand for goods and services they are employed to produce.
A
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When Johanna cut prices in her jewelry store by 20 percent, the dollar value of her sales fell by 20 percent. This indicates that
A. demand was elastic. B. demand was inelastic. C. demand was unit elastic. D. the demand curve was vertical.
The target zone model of exchange rates requires adjustment for
A) imperfect policy credibility and intra-marginal adjustments. B) imperfect policy credibility. C) speculative pressure and intra-marginal adjustments. D) speculative pressure.
Assume that there was a 5 percent increase in the price of all goods in 2015; if the base year is 2014, then the price index in 2015 will be
A) 95. B) 105. C) 110. D) 1100.
All of the presidents of the regional Federal Reserve banks
a. attend each FOMC meeting. b. have voting rights at each FOMC meeting. c. are appointed by the president of the U.S. and confirmed by the U.S. Senate. d. All of the above are correct.