Convertible shareholders can
a. convert their shares into bonds at any time
b. convert their shares into preferred stock at any time
c. convert their shares in one corporation to shares in another corporation in a one-to-one ratio at any time
d. convert their shares into common stock at any time
e. vote at shareholder meetings on important corporate matters
D
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After trade opens, the short run impact on the income of the variable factor will be
A) a decrease. B) an increase. C) zero. D) indeterminate, depending on the consumption pattern of the owners of the variable factor. E) indeterminate, depending on the productivity of the variable factor.
The M1 definition of the money supply includes, along with currency,
a. demand deposits and savings accounts b. demand deposits and credit cards c. demand deposits and debit cards d. demand deposits and travelers' checks e. travelers' checks and credit cards
Refer to the graph shown depicting a monopolistically competitive firm. According to the graph, economic profit is currently:
A. impossible to determine. B. zero. C. negative. D. positive.
The theory of rational expectations implies which of the following?
a) unemployment and the rate of inflation are directly related b) an increase in the money supply will have no effect on price level c) attempts to decrease unemployment below the natural rate lead to depression d) attempts to decrease unemployment through government policy will be thwarted by people's reactions e) government policies work only if the money supply increases by 10 percent