The random walk theory says that
A) stock prices follow a trend for varying periods of time.
B) successive stock prices increase more than they decrease.
C) successive stock prices are dependent on the weighted average of the previous week's prices.
D) successive stock prices are independent of each other.
Answer: D
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The balance of payments is:
a. the difference between the dollar value of exports and the dollar value of imports. b. the same as the merchandise account. c. a summary statement of all international trade transactions of one country with the rest of the world. d. a summary statement of all domestic exchanges of goods and services between producers and buyers. e. a record of the amount of U.S. dollars held abroad.
If a tax is levied on the buyers of a product, then there will be a(n)
a. upward shift of the demand curve. b. downward shift of the demand curve. c. movement up and to the left along the demand curve. d. movement down and to the right along the demand curve.
The transmission mechanism in monetary policy is the
A. manner in which a buying or selling of bonds ultimately impacts important macroeconomic variables such as real GDP. B. decision making process. C. name given to describe the tightening of monetary policy. D. name given to describe the easing of monetary policy.
In ________, changes in technology affect the marginal revenue product of a unit of labor input. In ________, changes in technology affect the marginal cost of a unit of output.
A. the labor market; the product market B. the product market; the labor market C. output markets; input markets D. all markets; all markets