Capital is the
a. flow of new equipment that a firm acquires over the course of a year.
b. amount of increase in a firm's equipment over a year.
c. amount of money that a firm has on hand at a given time.
d. stock of plant, equipment, and other productive resources held by a firm.
d
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During a period of stagflation, should more emphasis be placed on reducing unemployment or on lowering the rate of inflation?
What will be an ideal response?
When a production possibilities frontier is bowed outward, the opportunity cost of one good in terms of the other depends on how much of each good is being produced
a. True b. False Indicate whether the statement is true or false
If banks face a reserve requirement of 10%, then when the Fed increases bank reserves by $20 million, the money supply can be estimated to increase by about
A. $2 million. B. $20 million. C. $200 million. D. None of the choices are correct.
An increase in the wage rate will change
A. the amount of labor employed, and it may also change the amount of other inputs employed. B. the price the firm charges for the product, but it will not affect the demand for any of the inputs. C. only the amount of labor hired. D. the firm?s profit-maximizing level output, but not its usage of inputs.