Expansionary monetary policy is always expected to increase:
A. real income but never nominal income.
B. real income.
C. nominal income.
D. nominal income but never real income.
Answer: C
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The law of demand concludes that a rise in the price of a golf ball ________ the quantity demanded and ________
A) increases; shifts the demand curve for golf balls rightward B) decreases; shifts the demand curve for golf balls leftward C) decreases; creates a movement up along the demand curve for golf balls D) increases; creates a movement down along the demand curve for golf balls
If the price of a firm's output rises, its
A) marginal product of labor increases. B) value of marginal product decreases. C) demand for labor increases. D) demand for labor decreases.
Managers can be seen as monitoring ____ within the firm
A) externalities. B) property rights C) stockholders. D) accounting profits.
Roughly what percentage of Americans were officially considered poor in 2012?
a. 2 percent b. 9 percent c. 15 percent d. 22 percent