________ are likely a fixed cost of a firm.
A. Travel expenses to meet with clients
B. Lease payments for office space
C. The payments for supplies
D. Wages paid to employees
Answer: B
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The Constitution contains a provision that states that no laws shall be passed "impairing the obligation of contracts." This provision
(a) meant that the English common law was legislated for the new republic. (b) was an innovation by the authors of the Constitution and not found in British law. (c) was only a minor aspect of developing the new idea of government by law and not by men. (d) was a controversial provision and opposed by many delegates.
A decrease in the level of capital inside a nation would cause the:
A. long-run aggregate supply curve to shift to the right. B. long-run aggregate supply curve to shift to the left. C. short-run aggregate supply curve to shift to the right. D. aggregate demand curve to shift to the right.
Cost curves shift if i. technology changes. ii. the prices of factors of production change. iii. productivity changes
A) only i B) i and iii C) only ii D) i and ii E) i, ii, and iii
Which of the following statements is true about the misperceptions theory?
A. Both anticipated and unanticipated changes in the nominal money supply have real effects on the economy. B. Anticipated changes in the nominal money supply have real effects, but unanticipated changes are neutral. C. Unanticipated changes in the nominal money supply have real effects, but anticipated changes are neutral. D. Neither anticipated nor unanticipated changes in the nominal money supply has real effects on the economy.