The _____ account for about 60 percent of deposit and loan activity in the Eurocurrency market
a. ECUs
b. U.S. dollar
c. Euroyen
d. Euros
e. Eurodollars
e
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Financial securities that represent promises to repay a specified amount of money at a particular point in the future are
A) bonds. B) stocks. C) commodities. D) mutual funds.
Which of the following statements is true?
A) The average product of labor is at its maximum when the average product of labor equals the marginal product of labor. B) The average product of labor tells us how much output changes as the quantity of workers hired changes. C) The average product of labor is at its minimum when the average product of labor equals the marginal product of labor. D) Whenever the marginal product of labor is greater than the average product of labor the average product of labor must be decreasing.
In order to avoid the free-rider problem, which of the following goods is best provided by the government and paid for with tax dollars?
a. Automobiles. b. Lighthouses. c. Bread. d. Prescription drugs. e. Windows.
Which of the following explains why a $100 billion reduction in consumption spending might decrease equilibrium real GDP by more than $100 billion?
a. Say's law. b. The quantity theory of money. c. Flexible resource prices. d. The multiplier principle.