Refer to Table 12-4. If the market price is $45 the firm will produce
A) 60 units. B) 80 units. C) 100 units D) 120 units
B
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Given the following formula for the Taylor rule:Target federal funds rate = natural rate of interest + current inflation + 1/2(inflation gap) +1/2(output gap) If output in the economy were to fall by an additional one percent below potential, the target federal funds rate would:
A. Increase by 1.5%. B. Remain at 2.5%. C. Decrease by 0.5%. D. Decrease by 1.5%.
When stock prices are falling, financing capital expenditures with stock sales is ______.
a. less expensive b. more expensive c. illegal d. most efficient
The benefits to the United States of outsourcing include all of the following except
A. Foreign firms insource or send jobs to the United States. B. U.S. productivity rises, resulting in higher profits at U.S. firms that outsource. C. Greater domestic investment by U.S. firms that outsource. D. Higher domestic labor cost for U.S. firms.
The above figure shows Bob's utility function. He currently has $100 of wealth, but there is a 50% chance that it could all be stolen. If Bob could keep $50 with certainty, his utility would be
A) a. B) b. C) c. D) d.