What might prompt a fresh college graduate to turn down the first job offer he or she receives?
A) They do not wish to begin working.
B) They'd rather continue straight into graduate school.
C) They expect a better job offer is right around the corner.
D) All of the above.
D
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The vital link between the real and monetary sectors of the economy is the:
A) price level. B) interest rate. C) balance of payments. D) budget deficit.
Refer to the table to the right which shows the shortminusrun cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units. What is the fixed cost of? production?
A. ?$500
B. ?$1,000
C. It cannot be determined.
D. ?$0
A nation's GDP is
A. The total amount of money in circulation. B. The total market value of all intermediate goods and services. C. The sum of value added at some stages of the production process. D. C + I + G + (X - M).
Use the following balance sheet for the ABC National Bank in answering the next question. Assume the required reserve ratio is 20 percent.AssetsLiabilities & Net WorthReserves$27,000 Checkable Deposits$110,000Loans50,000 Stock Shares200,000Securities33,000 Property200,000?Refer to the above data. If the original balance sheet was for the commercial banking system, rather than a single bank, loans and checkable deposits could have been expanded by a maximum of:
A. $15,000. B. $48,000. C. $8,000. D. $25,000.