If investment in an economy falls, which of the following is likely to happen?
A) Labor demand will increase. B) The revenue of firms in the economy will fall.
C) Asset prices will rise. D) The number of mortgage defaults will fall.
B
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Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at $0.20 per pound when 500 pounds are grown. The demand for potatoes is Q = 10,000/p
If the long-run supply curve is horizontal, then how much will consumers spend, in total, on potatoes? A) $0 B) $500 C) $10,000 D) $50,000
What is the name of the interest rate charged when the Federal Reserve loans money to banks?
a. the discount rate b. the reserve requirement rate c. the prime rate d. the federal fund rate
The market for General Motors' bonds
a. exists only within the geographical boundaries of the United States b. is not defined by its geographic location c. is at the New York Stock Exchange d. is at the U.S. Treasury e. is in London, England
If the Bureau of Labor Statistics considers Jessica to be a discouraged worker, then she is not counted as unemployed for purposes of computing the official unemployment rate
Indicate whether the statement is true or false