Which of the following variables is not needed to determine the break-even quantity?
a. Marginal costs
b. Fixed Costs
c. Selling Price
d. Average Costs
d
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Which of the following would reduce the money multiplier?
A) bank reductions in desired reserve holdings B) reducing the reserve ratio C) cash drains from banks D) bond purchases by the Fed
Why does the model of perfect competition imply that firms will produce the products that households want the most?
What will be an ideal response?
New technology that increases labor productivity will
a. lower the wage rate b. decrease the demand for labor because fewer workers are needed c. decrease the supply of labor because fewer workers are needed d. increase the demand for labor because the MPP curve shifts to the right e. decrease the demand for labor because the MPP curve shifts to the left
The supply-side checklist includes
a. higher taxes b. more government regulation c. more government spending d. less union power in wage determination e. raising transfer payments