Which of the following would have the least amount of influence on a manager's choice of which inputs to employ in a production process?
A) The price of a competitor's output.
B) The technology of the production process.
C) The marginal productivity of the inputs that can be used in the production process.
D) The prices of the inputs that can be used in the production process.
A
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Moving downward along a linear (straight-line) downward sloping demand curve, the
A) slope is constant. B) price is constant. C) quantity is constant. D) elasticity is constant. E) None of the above answers is correct.
Money market mutual funds sell shares to investors and use the money to buy
A) overseas assets through foreign direct investment. B) short-term securities. C) foreign currency. D) mortgage-backed securities.
In response to an unanticipated easing of monetary policy, the price level ________ at first, then ________ after a year
A) rises; returns most of the way to its original value B) falls; returns most of the way to its original value C) remains roughly unchanged; begins to rise D) remains roughly unchanged; begins to fall
Which of the following shocks have caused most of the recessions since 1950?
a. Both c and e b. Increased government spending c. Oil price increases d. The beginning of a war e. Changes in Federal Reserve Policy