Over the business cycle, factors such as the quantity of capital, human capital and technology
A) change randomly, sometimes growing, sometimes falling.
B) change drastically, fluctuating more than the quantity of labor employed.
C) fluctuate about the same amount as the quantity of labor employed.
D) grow but do not fluctuate as much as the quantity of labor employed.
E) do not grow and are therefore not the source of economic growth.
D
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Following a new deposit of $50 at a bank, drawn on funds previously held on deposit at another bank, when the reserve ratio is 10 percent, the maximum potential increase in the money supply will be
A) $0. B) $50. C) $400. D) $500.
When the Fed sells a government security to the public, how does it usually receive payment for the security?
a. by accepting checks on bank accounts b. by drawing money out of circulation c. by decreasing member bank profits not distributed by the Fed d. by decreasing reserves in bank accounts at the Fed
Consumer surplus can be measured as the area between the demand curve and the equilibrium price
a. True b. False Indicate whether the statement is true or false
The most common form of business organization in the United States is the
A. cooperative. B. partnership. C. proprietorship. D. corporation.