Refer to the above figure. Profits for this firm are
A) negative.
B) zero.
C) positive.
D) undetermined without more information.
C
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An accounting identity is
A) when the balance of payments is running a surplus or deficits. B) when the balance of trade is in surplus or deficit. C) an expression of values that are equivalent by definition. D) special drawing rights.
Data for the United States traced out an almost perfect Phillips curve for much of the
a. 1960s. b. 1970s. c. 1980s. d. 1990s.
If the Fed wants to decrease the money supply, it can:
A. Increase the money multiplier. B. Decrease the discount rate. C. Sell government bonds. D. Decrease the minimum reserve ratio.
Cyclical unemployment occurs when
A. individuals give up the search for employment. B. individuals with skills no longer valued in the domestic labor market cannot find employment. C. individuals enter the labor market and make the rounds of potential employers. D. a downturn in economic activity decreases employment.