The term factor of production refers to
A. Any resource input used to produce goods and services.
B. Only those goods that are produced and then used to produce other goods and services.
C. Labor only.
D. Factories and machinery only.
Answer: A
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Banks that actively manage liabilities will most likely meet a reserve shortfall by
A) calling in loans. B) borrowing federal funds. C) selling municipal bonds. D) seeking new deposits.
If the money supply increases at the same time that taxes increase, then:
a. interest rates will definitely increase. b. interest rates will definitely decrease. c. income will definitely increase. d. income will definitely decrease.
A legal claim entitling the owner of the claim to fixed annual payments and a lump-sum payment is called a(n)
A) equity share. B) bond. C) stock. D) debit.
In equilibrium, real GDP is equal to
A. C + I + G + X + S. B. C + I + X - G. C. C + I + G - X. D. C + I + G + X.