The difference between a firm's assets and its liabilities is known as:
A) limited liability
B) stock
C) equity
D) profit
C
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Total efficiency units of labor in an economy increases if ________
A) the average number of hours worked by each worker decreases B) each worker becomes more productive C) each worker earns a lower wage D) the amount of capital available to each worker diminishes
Refer to the table above. If the firm is a monopolistic competitor, what is the equilibrium price charged by the firm?
A) $77 B) $80 C) $65 D) $57
How does the Fed intervene in the foreign exchange market and what the effects are of the Fed's actions?
What will be an ideal response?
Like the monetarists, new classical economists favor
a. money growth aimed at achieving a nominal GDP target. b. discretionary policy action. c. a money growth rate that stabilizes output. d. a money growth rule that guides monetary policy.