During the Great Depression, Tobin's q
A) rose dramatically, as did real interest rates.
B) fell to unprecedentedly low levels.
C) stayed fairly constant, in contrast to most other economic measures.
D) rose only slightly, in spite of Hoover's attempts to prop it up.
B
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An increase in the costs of resources or inputs of production would shift the:
A) short-run aggregate supply curve rightward. B) short-run aggregate supply curve leftward. C) long-run aggregate supply curve rightward. D) long-run aggregate supply curve leftward.
A firm which owns its own equipment and is earning positive economic profits a. is likely earning positive accounting profits
b. is likely earning zero accounting profits. c. is likely earning negative accounting profits. d. could be earning positive or negative accounting profits.
When the Fed conducts open market operations, what type of bonds does the Fed purchase?
a. Newly issued bonds from the treasury b. Bonds newly issued by companies c. Previously issued bonds from the treasury d. Bonds previously issued by companies e. Newly issued bonds from other countries
To stabilize real GDP when the money demand curve shifts up on its own, the Fed must increase the money supply
a. True b. False