The phrase, "Google stock soared Friday, continuing Wall Street's love affair with the company," implies that Google's earnings were much more than it was expected in that quarter
a. True
b. False
Indicate whether the statement is true or false
True
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As long as people have confidence that paper money will serve the functions of money, then it can serve the function of money
Indicate whether the statement is true or false
As the U.S. labor force grows and the nation's capital stock is augmented by investment, the
a. price level will rise. b. aggregate supply curve shifts inward. c. aggregate supply curve shifts outward. d. aggregate supply curve becomes steeper.
All Union Bank pays $120,000 from its reserves to buy the corporate bonds of a leading real estate firm from Smith and Kim Bank. Smith and Kim Bank keeps the amount in its vault as reserves. In the given scenario, which of the following statements is true? a. $120,000 will be added as an asset for Smith and Kim Bank, while $120,000 will be added as a liability for All Union Bank. b. $120,000
will be added as a liability for Smith and Kim Bank, while $120,000 will be added as an asset for All Union Bank. c. The liabilities of both Smith and Kim Bank and All Union Bank will increase by $120,000. d. There will be no change in the value of assets or liabilities of both the banks.
Economic conditions favor firms getting larger (producing larger quantity) when the firms are producing under conditions of:
a. Decreasing returns to scale b. Increasing returns to scale c. Constant returns to scale