Monetary policy has one clear advantage over fiscal policy by virtue of its very short
A) data lag.
B) data and recognition lags.
C) legislative and transmissions lags.
D) effectiveness lag.
C
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Frederick Taylor
a. studied the movements of workers as they performed job tasks. b. advocated the use of incentives for superior performance. c. carried on experiments to determine the optimum size and weight of tools. d. developed principles pertaining to the correct routing of work and accurate scheduling of production orders. e. All of the above.
Which of the following would decrease the value of money?
a. Money demand exceeds money supply b. The Federal Reserve sells government bonds c. The velocity of money decreases d. The price level decreases
A wheat farmer and a firm in a perfectly competitive market are similar in that
A) both face vertical demand curves. B) both have to lower their prices if a rival firm lowers its price. C) both face horizontal demand curves. D) both will earn an economic profit if their total revenue equals their total cost.
Suppose a firm wanted to go out of business. The firm sells all its assets and pays off everything it owes to creditors. The stockholders would receive
A) nothing. B) their annual dividend payment. C) one half of the funds; the other half of the funds goes to bondholders. D) the rest of the funds, after everyone who has a claim against the firm is paid.