The types of loans the Fed makes consist of each of the following, except:
A. seasonal credit.
B. primary credit.
C. secondary credit.
D. conditional credit.
Answer: D
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When demand for a firm's product decreases, the firm can take a number of steps to adjust costs and quantities supplied to the market. Some are listed below. Which actions are short run and which are long run? Explain your reasoning
a. Layoff 25 percent of the firm's existing employees. b. Declare bankruptcy and sell all of the firm's plant and equipment. c. Require management personnel to take a significant cut in pay. d. Furlough employees for 3 days each month. e. Move to a smaller production facility.
Which of the following statements is CORRECT?
A) Since the mid-1940s, expenditures on national defense have increased considerably as a percentage of total federal government spending. B) Since the mid-1940s, expenditures on income security and health programs have increased considerably as a percentage of total federal government spending. C) Taken together, expenditures on national defense and on income security and health programs now account for less than half of all federal government spending. D) Expenditures on national defense now account for more than twice as much federal government spending as expenditures on income security and health programs.
Since it is always a negative number, economists use the convention of taking the absolute value of
a. income elasticity of demand b. cross price elasticity of demand c. price elasticity of supply d. price elasticity of demand e. any elasticity calculation
In the long run, what is the only factor that changes if the money supply increases when the economy is at full employment?
a. Employment increases. b. The RGDP increases. c. Aggregate supply increases. d. Price level increases.