Which firm has higher fixed costs?
a. Jim's Production
b. Competitor
c. They both have the same fixed costs
d. Need more information
a
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Which of the following did classical economists believe caused depressions and high unemployment??
a. Sticky product prices
b. Tax increases
c. Business expectations
d. Sticky wages
e. Sticky interest rates
Foreign aid:
A. provided by developed countries to developing countries represents about 10 percent of the GDP of developed countries. B. is an important source of funding for investment in most developing countries. C. does not contribute much to domestic investment in most developing countries. D. is largely wasted in most developing countries because it comes with no strings attached.
Currency held in the vault of First National Bank is:
A. counted as part of M1. B. counted as part of M2 but not M1. C. only counted as part of M1 if it was deposited into a checking account. D. not counted as part of the money supply.
The Federal Reserve reports that it has coins valued at $10 billion, bank reserves at the Fed of $15 billion, gold valued at $10 billion, Federal Reserve notes of $400 billion, and U.S. government securities of $300 billion
What is the size of the monetary base?