In comparison to the United States, Germany has a relatively low percentage of union membership.
Answer the following statement true (T) or false (F)
False
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Jenna deposits $1,000 in a bank at an interest rate of 6% compounded annually. What is the future value of the sum deposited after: a) two years. b) four years
What will be an ideal response?
In general, a formula that a central bank uses to set interest rates in response to changing economic conditions is called a
A) rate-of-return equation. B) Taylor rule. C) central bank reaction function. D) market adaptation identity.
Given a demand function of Qd = D(P) = 500 - 10P, what is the inverse demand function?
A. D(P) = 50 - P B. P(Q) = 50P C. P(Q) = 50 - (Q/10) D. P(Q) = 500 - 10Q
If a profit-maximizing firm shuts down in the short run, it must be true that before the shutdown, at all positive output levels,
a. average total cost was less than average variable cost b. fixed cost was greater than total revenue c. variable cost was greater than total revenue d. profit was zero e. total cost plus total revenue was less than profit