Temporary supply shocks:
A. are significant events that directly affect production.
B. shift the aggregate-supply curve in the short run.
C. would affect the short-run equilibrium.
D. All of these are true.
D. All of these are true.
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If the monetary multiplier is 6, then the reserve requirement must be
A. 0.6. B. 0.167. C. 1.67. D. 0.06.
In the above figure, when the efficient quantity is produced the marginal social cost of the last magazine is
A) $1. B) $3. C) $5. D) some amount not given in the above three answers.
If people expect future earnings of Galt Corporation to be high relative to current earnings, then
a. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively high. b. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively low. c. the P/E ratio of its stock will be low. A P/E ratio of 8 is relatively high. d. the P/E ratio of its stock will be low. A P/E ratio of 8 is relatively low.
Land and mineral resources, transportation and communication facilities, factories and farm buildings, equipment, tools, and machinery are all examples of _____________.
a. the economizing problem b. insatiable wantss c. scarce economic resources d. unlimited economic resources e. economic growth