The transactions demand for money will shift to the:
A. Left when nominal GDP increases
B. Left when nominal GDP decreases
C. Right when nominal GDP decreases
D. Right when the interest rate increases
B. Left when nominal GDP decreases
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Which of the following equations is true of a profit-maximizing firm?
A) Wage = value of worker's marginal product B) Wage = worker's marginal product C) Wage = worker's total product D) Wage = average product of all workers
What is technology and what factors does it depend on?
What will be an ideal response?
If a bank has excess reserves of $5,000 and demand deposit liabilities of $80,000, and if the reserve requirement is 20 percent, then the bank has actual reserves of
A) $11,000. B) $20,000. C) $21,000. D) $26,000.
. An employer asking for a list of references from a potential employee is an example of:
A. signaling. B. screening. C. statistical discrimination. D. building a reputation.