Refer to Figure 12-9. At price P4, the firm would produce
A) Q3 units. B) Q4 units. C) Q5 units. D) Q6 units.
B
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The Fed buys $100 million of government securities from Bank A. What is the effect on the Federal Reserve's balance sheet?
A) Securities increase by $100 million and Federal Reserve notes (currency) decrease by $100 million. B) Securities increase by $100 million and reserves of Bank A increase by $100 million. C) Securities increase by $100 million and reserves of Bank A decrease by $100 million. D) Securities decrease by $100 million and reserves of Bank A increase by $100 million.
Suppose the demand function is given by Qxd = 10Px0.9 Py0.5 M0.22 H. Then the cross-price elasticity between goods x and y is:
A. 0.22. B. 0.5. C. ?0.5. D. 0.9.
Given the following information, compute the unemployment rate: 6 million unemployed, 124 million employed.
What will be an ideal response?
A. "after this, therefore because of this" fallacy. B. correlation fallacy. C. fallacy of composition. D. fallacy of limited decisions
A. positive statements are always followed by normative judgments. B. positive statements can never be proven true or false. C. if one acts on one's expectations, those expectations will always be fulfilled. D. cause and effect can be determined merely by observing the sequence of events.