Refer to the table below. What is the price that yields the maximum total revenue?
A. $2
B. $3
C. $4
D. $5
B. $3
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For each of the following, how would they be included in the national income accounts?
a. The University of California buys a new computer. b. Charles buys a new MP3 player. c. Marian buys a new mountain cabin. d. Vikki buys an old mansion with hopes of restoring it. e. Farmer Brown buys a used combine harvester.
The GHG permitting requirements
a. are applicable to both mobile and stationary sources b. will not be in force until 2016 c. are part of the New Source Review requirements d. all of the above
Assume that business investment spending rises, and the increase is funded by greater borrowing in the capital markets. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the quantity of real loanable funds per time period and monetary base in the context of the Three-Sector-Model?
a. The quantity of real loanable funds rises and monetary base rises. b. The quantity of real loanable funds rises and monetary base falls. c. The quantity of real loanable funds and monetary base fall. d. The quantity of real loanable funds and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Federal Reserve actions that increase nominal interest rates and decrease the money supply:
A. raise bond prices. B. close a recessionary gap. C. close an expansionary gap. D. raise the rate of inflation.