Which of the following was NOT a function of the First and Second Banks of the United States?
(a) Handling government finances
(b) Promoting growth of state banks
(c) Helping establish uniform paper currency in the U.S.
(d) Keeping state banks in line by presenting their notes
(b)
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If we use GDP to measure our standard of living, then our procedure is
A) accurate because our standard of living depends solely on goods and services. B) inaccurate because our standard of living only depends on used goods and services. C) inaccurate because our standard of living does not depend only on goods and services. D) inaccurate because our standard of living has nothing to do with goods and services. E) accurate only if we use nominal GDP rather than real GDP.
Lower profit expectations cause firms to ______.
a. cut capital spending b. boost capital spending c. hire more workers d. increase wages for existing workers
Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.
Figure 6.2Refer to Figure 6.2. Assume Mr. Lingle's budget is AC. At which point does Mr. Lingle spend exactly his income?
A. A. B. D. C. E. D. The answer cannot be determined with the given information.
If the demand and supply both increase equally, then the equilibrium price ________ and the equilibrium quantity ________
A) increases; increases B) increases; does not change C) does not change; increases D) increases; decreases E) decreases; does not change