Private investment during a year includes
a. the value of inventories plus the values of stocks and bonds
b. spending on plant and equipment, new housing construction, and changes in inventories
c. stocks and bonds purchased by firms
d. spending on plant and equipment plus government spending plus household spending on stocks and bonds
e. spending on plant and equipment
B
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?Consider a market for cookies that is initially in equilibrium. For a given upward-sloping supply curve, the equilibrium price and equilibrium quantity of cookies is most likely to decline when:
A) the price of milk, a complement, increases. B) consumer income increases. C) the number of consumers increases. D) the price of coffee, a complement, decreases. E) price of crackers, a substitute, increases.
Labor demand is considered a derived demand because producers do not demand labor for itself but only because labor is used to produce output that consumers desire
Indicate whether the statement is true or false
When economists speak of the short run, they are referring to _____
a. a specific period of time, usually less than one year b. a specific period of time, more than one year, but less than two years c. a specific period of time just long enough that the quantities of all resources can be varied d. a period of time short enough that the quantities of at least one of the resources cannot be varied e. a period of time short enough that none of the quantities of the resources can be varied
Which of the following observations concerning money market mutual funds is not true? a. They are interest-earning accounts provided by brokers
b. They are considered to be near money. c. Depositors are allowed to write checks against their accounts. d. These funds are invested in long-term securities.