If a firm's MRP of capital > MFC, the firm should
a. lower the interest rate
b. decrease its quantity demanded of loanable funds
c. increase its quantity demanded of loanable funds
d. hire more labor
e. raise the interest rate
C
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If the Fed decreases the monetary base by $100 million and the money multiplier is 4, M1 will
A) rise by $400 million. B) fall by $400 million. C) rise by $25 million. D) fall by $25 million.
Which of the following economies is an example of a mixed system?
a. The United States. b. The United Kingdom. c. Sweden. d. All of these.
Assume that India has a comparative advantage in producing a computer game. The United States has an absolute advantage in producing the same game. Mutually advantageous trade will have India producing and exporting the game while the United States will specialize in producing something else
a. True b. False
When did union membership show its biggest increase?
A. 1925-1935 B. 1935-1945 C. 1945-1955 D. 1955-1965