There was (were) just _____ $100 billion merger(s) in U.S. history.
A. 1
B. 3
C. 6
D. 20
A. 1
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The Federal Reserve fears that the United States economy is growing too slowly and is stuck in a recession. To move the economy back to its potential GDP, the most likely policy action for the Fed is to ________ the federal funds and thus ________
A) raise; increase aggregate demand B) raise; decrease aggregate demand C) lower; increase aggregate supply D) lower; decrease aggregate supply E) lower; increase aggregate demand
Increases in productivity per person lead to increases in per capita income, which we call:
A. economic growth. B. the GDP deflator. C. the producer productivity index. D. GDP per capita.
Suppose a publisher faces the following costs of producing 10,000 newspapers each month: $5,500 cost of labor; $2,200 monthly mortgage payment; $250 cost of electricity to run the printing presses; $800 for ink and paper; and $200 in city property taxes (based on the value of the building and land). Its total variable costs are
a. $8,950 b. $8,750 c. $6,550 d. $6,300 e. $5,500
In an internal labor market, employees often spend too much time lobbying for promotions or preferred job assignments. These are referred to as
A. human capital costs. B. influence costs. C. administrative costs. D. market costs.