In the circular-flow diagram, which of the following items does not flow from firms to households?
a. goods
b. services
c. capital
d. profit
c
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Shocks to long-run aggregate supply can be a source of business fluctuations ________
A) only in real business cycle models B) only in new Keynesian models C) in both real business cycle and new Keynesian models D) only if the money supply rises
If the present value of an individual's savings account is $52,354, what is its future value in 3 years if the account earns an annual interest rate of 8 percent?
A) $66,580.89 B) $66,320.48 C) $65,950.96 D) $64,589.13
Whenever firms in a perfectly competitive market produce the output level where marginal revenue equals marginal cost, we know that the firm is earning an economic profit
a. True b. False Indicate whether the statement is true or false
The four-firm concentration ratio (C4) of a market can be used to help determine whether firms may have market power.
a. true b. false