Managed mutual funds perform better on average than index funds because stock prices are usually a good predictor of a company's true value
a. True
b. False
Indicate whether the statement is true or false
False
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Labor productivity is computed as
A) real GDP divided by population. B) real GDP divided by the number of workers. C) per capita real GDP divided by the number of workers. D) per capita real GDP divided by population.
A monopsonist in the labor market has
A) a perfectly elastic labor supply. B) a decreasing average variable cost. C) an upward sloping labor supply curve. D) a downward sloping marginal revenue product curve.
Exhibit 15-2 Balance Sheet of Springfield National Bank Assets Liabilities Total reserves$500 Demand deposits$1,000 Loans$500 In Exhibit 15-2, if Springfield National's customers write checks for $200 and the required reserve ratio is 20 percent, then its required reserves fall to:
A. $0. B. $40. C. $160. D. $460.
If the U.S. dollar appreciates in value relative to foreign currencies, then this will:
A. cause a movement downward along the aggregate demand curve. B. cause a movement upward along the aggregate demand curve. C. increase aggregate demand. D. decrease aggregate demand.