Actual real GDP will be above potential GDP if
A) firms are producing below capacity.
B) firms are producing at capacity.
C) firms are producing above capacity.
D) inflation is rising.
Answer: C
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Refer to Figure 29-1. The appreciation of the euro is represented as a movement from
A) B to C. B) D to C. C) A to C. D) D to A. E) A to B.
Some economists see monopolies as inevitable, but not necessarily bad. They recommend a policy of
a. regulating prices b. nationalization c. laissez-faire d. encouraging concentration e. splitting up the monopoly
A grocery store hires cashiers and baggers. Cashiers earn $8 an hour; baggers earn $4 an hour. The manager, who wants to maximize the number of customers served given a fixed payroll, expects the following productivity from cashiers and baggers: 
Given the above information, what is the maximum possible number of customers that can be served with a payroll of $32?
A. 312 B. 936 C. 1208 D. 864 E. none of the above
A share of ownership in a company is called
A. dividends. B. stock. C. a mortgage. D. a bond.