If the MRP of an acre of land were $100 and its rent were $50,
A. twice as much land is being used as should be used.
B. more land is being used than should be used.
C. exactly the right amount of land is being used.
D. not enough land is being used.
D. not enough land is being used.
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Usually, the cost of capital for newly issued stock is ________ the cost of retained earnings
A) lower than B) higher than C) same as D) either higher or lower than
Country X has a high unemployment rate. It follows that country X is operating
A) beyond its production possibilities frontier (PPF). B) on its PPF. C) inside (below) its PPF. D) at a productive efficient point. E) b and d
From the graph showing the Phillips curve from 2006 to 2016, we can see that the 2008 financial crisis caused ______.
a. a downward movement along the Phillips curve
b. an upward movement along the Phillips curve
c. skyrocketing inflation and unemployment rates
d. plummeting inflation and unemployment rates
A tight monetary policy does all of the following, except
A. raise interest rates. B. drive up the dollar relative to foreign currencies. C. raise net exports. D. increase imports.