A loan contract that requires the borrower to keep a certain percentage of its assets in cash is an example of ________
A) screening
B) monitoring
C) a restrictive covenant
D) a patent contract
C
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Which always increase(s) as output increases?
A) Marginal Cost only B) Fixed Cost only C) Total Cost only D) Variable Cost only E) Total Cost and Variable Cost
The public policies designed to mitigate the effects of monopolies are:
A. highly debated issues. B. proven to increase benefits more than increase costs. C. highly effective. D. well-defined and accepted.
According to the equation of exchange, if velocity and real GDP do not change, a 3 percent increase in the quantity of money
A) raises the price level by 3 percent. B) raises the price level by 3 ÷ (velocity). C) raises the price level by less than 3 percent. D) lowers the price level by 3 ÷ (real GDP). E) lowers the price level by 3 percent.
In 2015, JP Morgan Chase announced that it was laying off 5,000 employees. The laid-off employees who were not able to find jobs at another bank due to a permanent decline in demand in the banking industry would be considered
A) frictionally unemployed. B) structurally unemployed. C) seasonally unemployed. D) cyclically unemployed.