In a simple grass-mowing business, the lawn mower and the labor would be
A. outputs.
B. production.
C. profits.
D. inputs.
Answer: D
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Policy directives issued by the Fed to moderate swings in the business cycle are
a. countercyclical fiscal policy b. channeled through the Treasury Department c. countercyclical monetary policy d. first approved by the appropriations committees of the U.S. House of Representatives and the Senate e. federal funds activity
A ceiling on interest rates is likely to lead to
A. an increase in lending activity. B. more rapid capital formation by business. C. increases in hiring of labor. D. a shortage of loanable funds.
YearSalaryCPI1969$20,52036.71979$43,26572.61989$85,529124.01999$135,250166.62009$170,844214.5Using the information in the table shown, what is the 2009 value of the salary listed in 1979?
A. $127,828 B. $504,766 C. $14,643 D. $57,824
If the price of "X" increases and you buy less "Y," then
A. "X" and "Y" are substitutes, and the price of "Y" will increase. B. "X" and "Y" are substitutes, and the price of "Y" will decrease. C. "X" and "Y" are complements, and the price of "Y" will increase. D. "X" and "Y" are complements, and the price of "Y" will decrease.