In the production function Y = AF(K, N), A is ________, K is ________, and N is ________
A) total factor productivity; the capital stock; the number of workers employed
B) total factor productivity; investment; the number of workers employed
C) the productivity of labor; the capital stock; the size of the labor force
D) the productivity of labor; investment; the size of the labor force
A
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Which of the following statements is true?
A) The wages expected by potential workers are independent of their work experience. B) Some people seeking paid jobs may not be able to find employment. C) The wages expected by potential workers are independent of their educational qualifications. D) All people seeking paid jobs are eventually employed.
Collusion is common in oligopoly and monopolistically competitive industries
Indicate whether the statement is true or false
A ________ money supply curve implies that the quantity of money supplied is independent of the interest rate
a. horizontal b. vertical c. upward sloping d. downward sloping
If the reserve ratio is .05, the money multiplier can be as high
A. as 10. B. as 50. C. as 5. D. as 20.