When a firm produces more output using the same inputs or the same output using fewer inputs we say that the firm
A) experiences positive technological change.
B) will hire more workers in order to produce more output.
C) experiences an increase in demand.
D) is operating in the short run.
A
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Which element of total planned expenditure is NOT included in "autonomous planned spending"?
A) cY B) -cT C) NX D) Ip E) a
A firm built an inventory of 16-bit chips for $50,000 last year. However, the introduction of 32-bit chips lowers the market price for 16-bit chips and the inventory can only be sold for $40,000 now. What is the sunk cost?
A) $50,000 B) $40,000 C) $10,000 D) $90,000
If your research leads you to believe that the present value of a stock's dividend stream and future price is less than its price then you believe the stock is
a. overvalued so you should consider buying it. b. overvalued so you should not consider buying it. c. undervalued so you should consider buying it. d. undervalued so you should not consider buying it.
Which of these is NOT one of the issues that makes it difficult for the Fed to choose the right course of action at the right time?
A. The Fed's incomplete and imperfect control of the money supply B. The quality of the data the Fed uses C. The time that it takes for the Fed to decide on a course of action D. The time it takes for Fed action to have an impact