Who among the following is speculating?
A) The economics department that offers its first online principles course
B) The bookstore that buys back the Math 101 textbooks without confirmation that the department definitely plans to adopt it again next semester
C) The resident hall advisor who purchases party favors for the end-of-semester bash
D) All of the above.
E) B and C above.
D
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In practice, the Fed's policy of targeting money market conditions in the 1960s proved to be
A) countercyclical, helping to stabilize the economy. B) procyclical, destabilizing the economy. C) procyclical, helping to stabilize the economy. D) countercyclical, destabilizing the economy.
Assume that a perfectly competitive firm faces a fixed wage rate of $4 and a constant per-unit cost of capital of $2. If the marginal product of labor and capital are 16 and 6, respectively, then to maximize profits the firm should
A) use relatively more labor. B) use relatively less labor. C) increase all inputs proportionately. D) decrease all inputs proportionately.
Great Bear Bank receives two new deposits of $100,000 and $140,000. If it has a required reserve ratio of 8 percent, how much of these deposits must Gold Bear keep in reserves?
a. $30,000 b. $120,200 c. $19,200 d. $220,800
The actual real rate of interest is the nominal rate less the actual inflation rate.
Answer the following statement true (T) or false (F)