The ZZZ Corporation issued $25 million in new common stock in 2013. It used $18 million of the proceeds to replace obsolete equipment in its factory and $7 million to repay bank loans. As a result, investment:
A. of $7 million has occurred.
B. of $25 million has occurred.
C. of $18 million has occurred.
D. has not occurred.
C. of $18 million has occurred.
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One financial intermediary in our financial structure that helps to reduce the moral hazard from arising from the principal-agent problem is the
A) venture capital firm. B) money market mutual fund. C) pawn broker. D) savings and loan association.
The slope of the short-run Phillips curve is consistent with:
a. the long-run trade-off between the unemployment rate and inflation. b. the long-run trade-off between inflation and GDP. c. the short-run trade-off between the money supply and interest rates. d. the short-run trade-off between business productivity and wage contracts. e. the short-run trade-off between the unemployment rate and inflation.
Moving from one curve to another in an indifference map always increases utility
Indicate whether the statement is true or false
Interest paid by businesses is
A. included in both GDP and national income. B. not counted in GDP because it is not assumed to flow from the production of goods and services. C. counted in national income, but not in GDP. D. not counted in GDP but is counted in GNP because it is paid by U.S. businesses.