Each of the following factors contribute to the slope of the dynamic aggregate demand curve, except the:
A. extent to which monetary policymakers react to a change in current inflation.
B. current level of technology.
C. size of the response of aggregate expenditures to changes in the interest rate.
D. strength of the effect of inflation on real balances.x
Answer: B
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An outward shift of the production possibilities curve demonstrates
A) economic growth. B) an increased rate of inflation. C) a cyclical shock. D) a recession.
Refer to the scenario above. Which of the following will happen in equilibrium if the game is played only once?
A) Social surplus will be maximized. B) Tom will trust Harry and Harry will defect. C) Tom will trust Harry and Harry will cooperate. D) Neither of them will make any money.
Facebook sold shares of stock for the first time in an IPO on May 18, 2012. The stock originally sold for $38 per share. As of October 19, 2012, a share of Facebook stock was valued at $19 per share
The decrease in the value of a share of Facebook purchased in May and still owned in October is called A) a capital gain. B) a capital loss. C) gross investment. D) net investment.
The principal-agent problem is:
A. when stockholders are not acting in the best interest of managers. B. due to managers not being able to monitor stockholder behavior. C. a form of moral hazard. D. a form of adverse selection.