In the simple Keynesian model, total savings equals
a. total investment minus the budget deficit.
b. total planned and unplanned investment.
c. planned investment.
d. planned investment plus the budget deficit.
e. none of the above.
B
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Refer to Figure 12-14. Consider a typical firm in a perfectly competitive industry which is incurring short-run losses. Which of the diagrams in the figure shows the effect on the industry as it transitions to a long-run equilibrium?
A) Panel A B) Panel B C) Panel C D) Panel D
In what ways does a certificate of deposit (CD) differ from a savings deposit?
What will be an ideal response?
Which of the following is TRUE about firms organized along functional lines?
a. In functional organizations workers develop functional expertise b. Workers find it difficult to share information within their division c. They inhibit the exploitation of economies of scale d. All of the above
Which statement is true?
A. Income is fairly evenly distributed in the U.S. B. The richest 1% of our population has nearly 50% of the income. C. The percentage of Americans below the poverty line has been falling steadily (except for recession) since the 1950s. D. Eleven percent of the children under six living in a two parent home are poor.