Actual investment spending includes spending by consumers on
A) services. B) nondurable goods. C) new houses. D) durable goods.
C
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For choice sets generated from endowment bundles, the budget line will shift parallel if both prices change by the same proportion.
Answer the following statement true (T) or false (F)
Required reserves for a commercial bank
A) are the minimum reserves that a bank must hold to back its deposits. B) are the reserves that a bank plans to hold in the bank's vault. C) are only the money used by the bank tellers. D) consist only of the bank's deposits at the Fed.
In the long-run, the quantity of real GDP supplied increases when the price level increases
Indicate whether the statement is true or false
A monopolist will hire fewer workers than a competitive firm, other things being equal, because
A) the monopolist exploits labor and other types of producers do not. B) the monopolist must take account of the declining product price that must be charged in order to sell more units of the product. C) the monopolist is more efficient. D) diminishing marginal productivity of labor is more severe for a monopolist.