Land, labor, and capital are bought and sold in the product market.
Answer the following statement true (T) or false (F)
False
Land, labor, and capital are bought and sold in the factor market.
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Assume the firms firms operating in an oligopolistic market experience a relatively small change in marginal costs. According to the kinked demand curve model this would:
A) cause a large change in the profit-maximizing level of output. B) leave the equilibrium price unchanged. C) cause the profit-maximizing level of output to change by the same amount and in the same direction. D) cause the profit-maximizing price to change by the same amount but in the opposite direction.
The primary assets of money market mutual funds are
A) stocks. B) bonds. C) money market instruments. D) deposits.
Restrictive covenants place constraints on the behavior of ________
A) borrowers B) lenders C) the central bank D) the executive branch of the federal government
According to the Taylor rule, the Fed will set the federal funds rate target based on which of the following?
A. the proportionate gap between actual real GDP and a measure of potential real GDP B. an estimated long-run real interest rate C. the current deviation of the actual inflation rate from the Fed's inflation objective D. all of these