The consumption function shows the relationship
A) between households' disposable income and their consumption spending.
B) between consumption spending and capital gains.
C) between government spending and tax collection.
D) between investment and rate of return.
A
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A bank owns a 10-story office building. In the bank's balance sheet, this would be listed as part of
A. assets. B. capital stock. C. net worth. D. liabilities.
The labor supply curve is obtained by
a. summing the slopes of the marginal revenue product curves for individual firms b. summing the upward-sloping portions of individual workers' labor supply curves c. summing all individual workers' labor supply curves at each wage d. summing the downward-sloping portions of individual workers' labor supply curves e. averaging all individual workers' labor supply curves at each wage
Assume it takes 5 units of labor to produce 10 units of output. When the price of labor is $5 per unit and fixed costs equal $100, what is the total cost of those 10 units of output?
A. $125 B. $150 C. $600 D. $500
An important routine function of the Federal Reserve Bank is to:
A. supervise the liquidation of the assets of bankrupt state banks. B. help large commercial banks develop correspondent relationships with smaller commercial banks. C. advise commercial banks as to the most profitable ways of reinvesting profits. D. provide facilities by which commercial banks and thrift institutions may collect checks.