In the figure above, if the market for jackets were perfectly competitive, in long-run equilibrium, each firm would sell ________ jackets per day at ________ per jacket
A) 132; $122
B) 100; $130
C) 100; $80
D) 128; $114
A
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___________ is the speed and ease of retrieving cash or turning another type of investment into cash
a. Morbidity b. Liquidity c. Asset building d. Lifetime earning credit
The long-run growth in the economy depends on all of the following, except:
a. the growth in productive resources. b. the level of technological development in the country. c. the increase in the availability of inputs. d. the increase in the productivity of inputs. e. the number of economic contractions witnessed in a year.
Compared to the price of long-distance telephone calls, college tuition in the United States has
a. fallen. b. risen. c. stayed the same. d. risen at the same rate as the CPI.
The money supply (M1) includes currency held by the public plus
A. Balances in most savings accounts and money market mutual funds. B. Transactions accounts plus money market mutual funds. C. Currency held by the Fed and Treasury and transactions accounts. D. Transactions accounts plus travelers checks.