control of the nation's quantity of money is handled by
What will be an ideal response?
by the Federal reserve system
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Use the following graph of the demand for coffee to answer the question below.
Refer to the three demand curves for coffee and assume that coffee is a normal good. Which of the following would shift the demand for coffee from D1 to D2?
A. an increase in consumer incomes B. a decrease in the price of coffee C. an increase in the price of coffee D. a decrease in consumer incomes
Suppose the economy's production function is Y = AK0.3N0.7. Suppose K = 200, N = 2000, and A = 1. Calculate the marginal product of capital
A) 1.0 B) 1.5 C) 2.0 D) 2.5
Suppose a company's bond sold for $100 last month and this month the price is $90. The annual interest payment is $18. The current yield on this bond is
A. 20 percent. B. 10 percent. C. 18 percent. D. 1.8 percent.
Network externalities:
A. weaken forces that lead to monopoly in an industry. B. increase the likelihood that an industry will become a winner-take-all industry. C. promote the entry of new firms in a market. D. increase competition among existing firms in a market.