In the equation of exchange, what does Q represent?
a. nominal output
b. real output
c. nominal quality
d. real quality
b. real output
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Barb is a corporate bondholder. What can she expect from owning a bond?
a. She will be allowed to vote for company leaders. b. She may earn huge profits if the company’s share price grows. c. She will have to make annual interest payments to the company. d. She will receive a fixed interest payment from the company.
Who, among the following, said this? "It is generally allowed by all, that men should contribute to the public charge but according to the share and interest they have in the public peace; that is, according to their estates or riches".
A. Benjamin Franklin B. Sir William Petty C. Jean Baptiste Colbert D. Adam Smith
Which of the following will not cause an increase in the natural rate of unemployment?
A) an increase in m B) an increase in z C) an increase in the expected inflation rate D) a reduction in m E) none of the above
Which of the following represents the general rule of hiring for a firm?
A. Average revenue product equals the wage rate. B. Total physical product equals marginal factor cost. C. Marginal cost equals marginal revenue. D. Marginal revenue product equals marginal factor cost.