If the market price in a competitive industry falls between a firm's AVC and ATC curves that firm is in the
A. short run making a profit.
B. short run taking a loss.
C. long run making a profit.
D. long run taking a loss.
B. short run taking a loss.
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Assume that seigniorage and the government's primary deficit are both zero. If the real interest rate is greater than the growth rate of real GDP, the debt-to-GDP ratio
A) will increase. B) will decrease. C) will either decrease or not change. D) will either increase or not change.
The Bureau of Labor Statistics measures unemployment by surveying:
A. every household at least once a year. B. a sample of about 60,000 households every month. C. a sample of about 60,000 employers every month. D. every business at least once a year.
Which of the following is an example of money serving as a medium of exchange? a. John buys a cup of coffee and a roll at the faculty dining room. b. Steve puts a five-dollar bill in his money belt
c. Scott deposits cash into a savings account. d. Roland puts his coins into a piggy bank.
In a bank reconciliation, interest revenue earned on your bank balance is
a. added to the book balance b. deducted from the book balance c. added to the bank balance