When investment banks allocate shares of a popular but underpriced IPO to executives of other firms in order to attract their business, it is called
A) spinning.
B) a bribe.
C) reputational activities.
D) a kickback.
A
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If real GDP is $18,200 billion (in 2012 dollars) in 2018 Q1 and $18,400 (in 2012 dollars) in 2018 Q2, then the annualized quarterly growth rate of real GDP is
A. 1.0%. B. 1.1%. C. 0.4% D. 4.5%.
Starting from long-run equilibrium, an increase in autonomous consumption results in ________ output in the short run and ________ output in the long run.
A. higher; higher B. higher; potential C. lower; higher D. lower; potential
If the per-worker production function shifts down,
A) the per-worker production function becomes steeper. B) it now takes more capital per hour worked to get the same amount of real GDP per hour worked. C) an economy can increase its real GDP per hour worked without changing the level of capital per hour worked. D) positive technological change has occurred in the economy.
Suppose a jar of DeLux popcorn that is ultimately sold to a customer at Friendly Groceries is produced by the following production process: Name of CompanyRevenuesCost of Purchased InputsFulton Family Farm$0.500DeLux Popcorn Co.$2.50$0.50Friendly Groceries$4.00$2.50 What is the sum of the value added of all of the firms?
A. $7.00 B. $3.00 C. $6.50 D. $4.00