The current income you would sacrifice to start your own lawn-cutting business is part of the
A) cost of doing business. B) present value of your initial investment.
C) opportunity cost of invested funds. D) opportunity cost of starting a business.
D
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In the figure above, the leftward shift from the demand for loanable funds curve DLF1 to the demand for loanable funds curve DLF3, could be the result of
A) the economy entering an expansion. B) the economy entering a recession. C) an increase in interest rates during an economic expansion. D) a decrease in interest rates during an economic recession. E) a government budget surplus.
Refer to the above table. If the price is $3, the perfectly competitive firm should produce
A) 102 units. B) 105 units. C) 103 units. D) 104 units.
Which of the following is not a goal of the Fed?
a. Maintaining a high level of employment b. Maintaining stability in interest rates c. Maintaining high prices to encourage production d. Maintaining stability in financial markets e. Maintaining stability in foreign exchange markets
The "invisible hand" using Adam Smith's terminology refers to:
a. "behind-the-scenes" policy making to influence how markets allocate scarce resources. b. market forces working through the price mechanism. c. the money supply that serves to keep the economy working smoothly. d. government control of the market. e. the role of innovation in maintaining a steady rate of growth.