Keynes called the money people hold in order to pay unforeseen or unexpected expenses the:
A. transactions demand for holding money.
B. precautionary demand for holding money.
C. speculative demand for holding money.
D. store of value demand for holding money.
Answer: B
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In the figure above, if there is no Ricardo-Barro effect, the government has a ________ because ________
A) budget deficit; there is no Ricardo-Barro effect. B) balanced budget; there is no Ricardo-Barro effect. C) budget surplus; the SLF curve lies to the right of the PSLF curve. D) budget surplus; there is no Ricardo-Barro effect. E) budget deficit; the SLF curve lies to the right of the PSLF curve.
In the long run, the firm ________ change the number of workers it employs and ________ change the size of its plant.
A) can; can B) can; cannot C) cannot; can D) cannot; cannot E) In order to answer the question, more information is needed about how long the long run is.
Customs unions and free trade areas are identical in the manner in which member countries treat imports from nonmember countries
Indicate whether the statement is true or false
Which of the following describes how the marginal product of a package-delivery business might change when it adds a second delivery van?
a. The on-time delivery rate rises by 40 percent. b. The cost per delivery falls by 25 percent. c. The delivery area expands by 30 percent. d. Fuel and service costs rise by 85 percent.