Which of the following characteristics does not fit a perfectly competitive market?
A. Numerous small firms
B. Identical products produced by all firms in the market
C. Each individual firm has a small amount of control over the market price
D. Ease of entry and exit from the market
Answer: C
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Stability of the U.S. economy between 1985 and 2007 referred to as
A) Great Moderation. B) the Great Depression. C) Automatic Stabilizer. D) Fiscal Discretion.
If a small firm wishes to pay cash in one year for a $10,000 machine, how much must the firm currently place in savings at 5 percent in order to have the necessary total cash in one year?
What will be an ideal response?
Tia earned $400 extra last month. She spent $200 of it on a new television. She saved the rest of the money. What is her marginal propensity to consume in this case?
a. 0.10 b. 0.50 c. 0.75 d. 2.0
Which of the following is a component of high powered money?
A) bonds held by banks, loans, and bank reserves B) currency in circulation plus bank reserves C) currency in circulation plus checkable deposits D) bonds held by banks plus checkable deposits E) the sum of currency in circulation, bank reserves, and checkable deposits