If your latest test grade and your average test grade on previous exams are equal, your average test grade will:
A. fall.
B. remain constant.
C. be good enough to pass.
D. rise.
Answer: B
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Between 1850 and 1950 the productivity of the average American farm worker
A. declined. B. remained about the same. C. doubled. D. quadrupled.
A perfectly elastic supply curve is: a. upward sloping to the right
b. downward sloping to the left. c. horizontal. d. vertical.
A company has an investment project that will cost $2 million today and yield a payoff of $3 million in 5 years. If the interest rate is 7%, should the firm undertake the project? Show evidence to support your answer
New Keynesian theory implies that which of the following reduces firms' incentive to adjust their prices?
A. a downward sloping aggregate demand curve B. menu costs C. the required reserve ratio D. none of these