Moving from left to right, a U-shaped curve starts with a
A) negative slope, reaches a minimum, then ends with a positive slope.
B) negative slope, reaches a minimum, then ends with a negative slope.
C) positive slope, reaches a maximum, then ends with a negative slope.
D) negative slope, reaches a maximum, then ends with a positive slope.
E) positive slope, reaches a minimum, then ends with a negative slope.
A
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In the coordination failure model, we mention sunspots because
A) they influence business cycles. B) apparently irrelevant events may influence business cycles. C) in central banker speak, they are synonymous with open market operations. D) seasonal sunshine has an impact on the business cycle.
The definition of a job leaver is an individual
A) who terminates his job voluntarily in order to work for a family business. B) whose employment was terminated involuntarily. C) who competed for a promotion at his company and did not get it. D) who is underemployed.
Which of the following is not an interest bearing asset of commercial banks?
a. Securities b. Loans c. Required reserves d. All of these choices are interest bearing assets of commercial banks.
One way sellers can credibly signal that they have a high-quality product is to:
A. sell very little of their product in order to create scarcity. B. spend a lot of money on advertising. C. simply tell buyers more about their product. D. lower their marginal cost of production.