Which of the following will increase the velocity of circulation?
A. Interest rates increase.
B. The inflation rate decreases.
C. Federal banking legislation abolishes credit cards.
D. Employers decide to pay employees once a month instead of once a week.
Answer: A
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Beautification of the national highways through the planting of shrubs and wildflowers will
A) be profitable for a private landscaping company because they can charge passing drivers. B) benefit even people who do not help pay. C) provide a flow of services that are rival in consumption. D) provide a flow of services that involve excludable consumption.
Harry's Hookahs incurs $700,000 per year in explicit costs and $500,000 in implicit costs. The company earns $1.4 million in revenues and has $3.7 million in net worth. Based on this information, what is the accounting profit for Harry's Hookas?
A) $200,000 B) $700,000 C) $900,000 D) $1.1 million
Observers of the economy often complain that indicators of economic activity are often contradictory. This is an example of the ________ lag
A) data B) recognition C) legislative D) effectiveness
You are reading a newspaper article that refers to expansions and contractions in the economy. The references are to changes in
a. wage rates b. inflation rates c. movements in exchange rates d. real GDP e. investment expectations