If the FOMC's directive indicates a change in monetary policy, the account manager at the Fed's Open Market Trading Desk must
A) design dynamic open market operations.
B) design defensive open market operations.
C) seek approval of the change from the Secretary of the Treasury.
D) seek approval of the change from a majority of the presidents of the Federal Reserve district banks.
A
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Industry A has market shares of 50, 30, and 20 . Industry B has market shares of 45, 40, and 15 . where si is the market shares of the i-th firm in the industry
a. The Herfindahl index for A is 100. b. The Herfindahl index for A is 3,800. c. The Herfindahl index for B is 3,600 d. The Herfindahl index for A is greater than for B. e. The Herfindahl index is for B is 4,000.
If there is a shortage of nurses, it is expected that
a. wages for nurses will go up as hospitals try to fill these positions. b. wages for nurses will go down because of the increased competition between hospitals. c. the return on the human capital investment of current nursing majors will decline. d. wages for nurses currently practicing will increase, but new nurses will experience lower wages in the future.
Refer to Figure 8A.1. Moving from K0 to K1
A) saving becomes negative. B) capital stock continues to increase. C) depreciation starts to decline. D) economic growth stops.
A firm's fundamental goal is
A) different for each firm. B) to make a quality product. C) to maximize profit. D) to gain market share. E) to decrease its employment of workers in order to cut its costs.