Which of the following are exempt from the antitrust laws?
A) colleges and universities
B) all professional athletes
C) labor unions
D) deregulated industries
Answer: C
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The multiplier can be calculated by dividing
A. one by one minus the marginal propensity to invest. B. one by one minus the marginal propensity to save. C. the change in real GDP by the initial change in spending. D. the initial change in spending by the change in real GDP.
Sarah buys shares from a financial institution that uses her funds together with other funds to purchase U.S. treasury bills. Sarah has deposited her money into a ________
A) savings bank B) credit union C) money market mutual fund D) savings and loan association
The impact of monetary policy on the cost of capital is emphasized by
A) supply-side economists. B) Monetarists. C) Keynesians. D) rational expectations theorists.
The following are common errors students make when discussing supply and demand. What is the mistake in each?
a. At equilibrium, demand equals supply. b. The quantity of demand is greater than the quantity of supply. c. They move along the line from both ends to an equilibrium in the middle. d. The increase in demand causes an increase in supply.