The probability of being detected after committing a murder in Richland is 0.8, and if detected the murderer is imprisoned for a minimum of 10 years. What is the expected punishment in this case?
A) 2 years
B) 8 years
C) 12 years
D) 10 years
B
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Refer to Figure 10.2. Assume the economy is initially at equilibrium at potential GDP of $500 billion. If the MPC = 0.80 , and real GDP falls to Y2 = $400 billion, the vertical distance between AE1 and AE2 must be
A) $8 billion. B) $20 billion. C) $80 billion. D) $100 billion.
Refer to the above table. Given the demand and cost schedules, what is the profit-maximizing price for this monopolist?
A) $9 B) $12 C) $11 D) $10
If a person owns 2,000 shares in a corporation that has issued 200,000 shares of stock, that person owns ____ of the company and is entitled to ____ of the dividends.
A. 1 percent; 1 percent B. 2 percent; 2 percent C. 10 percent; 10 percent D. 20 percent; 20 percent
If the Federal Reserve wishes to increase the money supply it should decrease the discount rate and/or decrease the required reserve ratio and/or buy government securities on the open market
a. True b. False Indicate whether the statement is true or false