Since 1980, union membership in the United States has
a. grown rapidly
b. grown slowly
c. declined rapidly
d. declined slowly
e. stayed the same
C
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Use the information in the following table to answer the next question. In the table, investment is in billions.(1) Interest Rate(2) Investment (billions of dollars)(3) Investment (billions of dollars)4%$100$8059070680607705086040Suppose the Fed increases the interest rate from 5 to 6%. As a result of this increase in the interest rate, using column (2) investment will ________.
A. increase by $10 billion B. increase by $20 billion C. decrease by $10 billion D. decrease by $20 billion
The amount of output produced with an additional unit of variable input is referred to as:
A) total product. B) average variable product. C) marginal product. D) average fixed product.
Thrift institutions encountered serious difficulties in the 1970s because: a. money market mutual funds became serious competitors for their deposits
b. the U.S. Treasury deposited larger sums of money than the thrift institutions could effectively manage. c. the interest rates they had to pay on deposits began to fall. d. each of the largest banks increased the pressure on the thrifts by building a nationwide network of branch banks. e. the FDIC increased the reserve requirement for thrifts.
Money as a medium of exchange I. Facilitates the exchange of goods II. Reduces the incentive to barter
A. I only B. II only C. Both I and II D. Neither I nor II