A negotiable large-denomination certificate of deposit is an example of a
A) capital market instrument to finance capital acquisitions.
B) money market instrument to finance inventories and short-term receivables.
C) type of stock held by financial institutions.
D) type of stock held by individuals.
B
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All else equal, the flatter the marginal cost curve, the ________ sensitive quantity produced is to changes in demand and, thus the ________ valuable an accurate forecast is to the firm.
A) more; more B) more; less C) less; more D) less; less
If the level of autonomous spending in an economy increases at a given price level, _____
a. the aggregate expenditure line shifts upward and the economy moves upward along the aggregate demand curve b. the aggregate expenditure line shifts downward and the economy moves upward along the aggregate demand curve c. the aggregate expenditure line shifts upward and the aggregate demand curve shifts to the right d. the aggregate expenditure line shifts downward and the aggregate demand curve shifts to the left e. the aggregate expenditure curve shifts upward and the aggregate demand curve shifts to the left
If the demand for a good increases because consumer income increases, the good is a(n):
a. inferior good. b. normal good. c. necessity good. d. luxury good.
Intermediate goods and services are those:
a. which are ready for final sale to the consumer. b. which are purchased for additional processing and resale. c. which are ready for final delivery to the retail stores. d. whose sales are included in Gross Domestic Product.