Financial monetary assets which often cannot be readily used in commercial exchanges are included in
A) M1. B) M2. C) prepaid accounts. D) credit cards.
B
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
Under perfect competition, if a firm is suffering a loss,
a. MR exceeds ATC. b. AR equals AVC. c. AR equals ATC. d. AR is less than ATC.
Specialization occurs when workers are assigned particular work based on their gender
a. True b. False Indicate whether the statement is true or false
Which of the following supply-side efforts was embraced by the second Bush administration in 2001?
A. Reduction in marginal tax rates. B. Reduction of the deficit. C. Reduction in spending on infrastructure. D. Increase in government environmental regulations.