Bankers' business decisions effect the money supply because bankers
a. are respected men and women.
b. have the ability to create money.
c. use a special accounting system developed by the Federal Reserve Board.
d. All of the above are correct.
b
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Lucy is a young entrepreneur who sells lemonade from her lemonade stand in her driveway on Saturday afternoons. During the first hour, Lucy sells 30 glasses of lemonade and incurs an average variable cost of $0.20. Lucy's _________ for the first hour are __________
Fill in the blank(s) with the appropriate word(s).
Chidi’s government only repairs roads that are in the very worst condition. Bridge collapses are not unheard of. The government’s infrastructure policy will likely ______ economic growth.
a. stop b. hinder c. have little impact on d. promote
The standard cobweb model makes which two assumptions?
A. Workers are forward looking, and job adjustments are instantaneous. B. Workers are forward looking, and job adjustments take time. C. Workers are myopic, and job adjustments are instantaneous. D. Workers are myopic, and retraining of one's skills happens instantaneously. E. Workers are myopic, and job adjustments take time.
Political instability is an impediment to development mainly because it:
A. undermines both domestic and foreign investment in a developing country. B. creates cultural and social differences among groups in developing countries. C. produces excessive levels of domestic saving. D. redistributes income.