Refer to the above figure. The equilibrium level of real GDP occurs
A) at point A.
B) to the right of point A.
C) to the left of point A.
D) at the undetermined point on the graph depending upon the level of investment.
A
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The Federal Reserve System was created by the
A) Supreme Court. B) President. C) U.S. Treasury. D) Congress.
If the Herfindahl-Hirschman index (HHI) among the firms in the long distance telecommunications market were equal to 1755, when would the Federal Trade Commission probably challenge a proposed merger between any two of the firms?
A) It would challenge if the HHI would increase by more than 50 points. B) It would challenge if the HHI would increase by more than 100 points. C) It would challenge no matter what happened to the HHI because the market has so few firms. D) It would not challenge because the HHI is less than 1800.
Refer to the information above. Which of the following represents the steady-state growth rate of output per worker in this economy?
A) 2% B) 3% C) 5% D) 10% E) 15%
To ensure that a nominal payment represents a constant level of purchasing power over time, one should:
A. add the price index to it. B. divide it by the price index. C. subtract the price index from it. D. increase it by a percentage equal to the rate of inflation for that year.