In a perfectly competitive market, the
a. market demand curve is horizontal
b. short-run market supply curve is horizontal
c. short-run market demand curve slopes upward
d. short-run market supply curve slopes downward
e. market demand curve slopes downward
E
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Bank capital can best be described as:
A) funds contributed by shareholder purchasers of a bank's stock plus the accumulated retaining earnings B) the accumulated amount of reserves held by a bank C) the location of most of the major banks of a country D) another name for bank assets
One option the government has to restore funding to transfer programs such as Social Security is to raise or eliminate the income cap on Social Security payments
Other things equal, this would result in ________ in the after-tax return to capital goods and cause firms and households to accumulate ________ capital. A) an increase; more B) an increase; less C) a decrease; more D) a decrease; less
The equation of exchange states that
A) saving equals investment. B) gross domestic product equals the money supply multiplied by its velocity. C) increases in money supply cause decreases in velocity. D) increases in money supply cause increases in velocity.
YearAntonio's Hourly wageConsumer Price Index2006$8.40201.62010$9.05218.1 Refer to Table 8.2. From 2006 to 2010, Antonio received a total of $0.65 in pay raises, and the CPI also increased as shown in the table. What was Antonio's real wage in 2010, if 2006 is used as the base year?
A. $9.05 B. $8.40 C. $8.37 D. $9.09