The limits to the production of any good are reflected in the:
a) Capacity curve.
b) Production function.
c) Demand curve.
d) Law of demand.
Answer: b) Production function.
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The natural rate of interest rises with a __________ shift of the __________ curve
A) rightward; IS B) rightward; LM C) leftward; IS D) leftward; LM
Given a constant rate of growth of real GDP, what would lead to an increasing real GDP per capita?
a. a rate of population growth that is less than the rate of growth of real GDP b. a rate of population growth that is greater than the rate of growth of real GDP c. an increase in the size of the labor force d. an increase in the capital stock
In average cost pricing, the natural monopoly would have to set price equal to
A. average total cost. B. marginal cost. C. average fixed cost. D. average variable cost.
What is a mutual fund? How do mutual funds differ from stocks and bonds?
What will be an ideal response?