For a simple economy (no government, no foreign sector), the condition for equilibrium can be stated correctly as
a. saving equals actual investment.
b. saving equals inventory accumulation.
c. saving equals planned investment.
d. inventory accumulation equals planned investment.
c
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Which of the following financial organizations have the ability to influence the supply of reserves in the United States?
A) Only public sector banks B) The World Bank C) Only private commercial banks D) The Fed
The table above shows some of the costs for a perfectly competitive firm. The firm will produce 9 units of output if the price per unit is
A) $1750. B) $200. C) $300. D) $500.
If the quality of items improves over time, the CPI ________ inflation
a. overstates b. understates c. equals d. approximates
The BLS reports the U-6 measure of labor underutilization. Which of the following is how it computes U-6?
a. (total unemployed + marginally attached workers)/adult population b. (total unemployed + marginally attached workers + part-time employed for economic reasons)/adult population c. (total unemployed + marginally attached workers)/(labor force + marginally attached workers) d. (total unemployed + marginally attached workers + part time employed for economic reasons)/(labor force + marginally attached workers)