About _____ of every ten dollars in the U.S. M1 balance is in the form of currency.
A. 1
B. 2
C. 3
D. 4
E. 5
E. 5
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The above figure shows the market for biologists. The government decides to set a minimum wage for biologists of $18 per hour. After this minimum wage is in effect, the firms' surplus equals ________
A) $800 B) $900 C) $1,800 D) $400 E) $200
If real GDP is $800 million and aggregate labor hours are 20 million, labor productivity is ________
A) $40 per hour B) $16,000 million C) $40 million D) $160 per hour
In the money market, a decrease in money demand will:
A) result in a rightward shift in the money demand curve increasing interest rates. B) result in a rightward shift in the money demand curve decreasing interest rates. C) result in a leftward shift in the money demand curve increasing interest rates. D) result in a leftward shift in the money demand curve decreasing interest rates.
An autoregression is a regression
A) of a dependent variable on lags of regressors. B) that allows for the errors to be correlated. C) model that relates a time series variable to its past values. D) to predict sales in a certain industry.