Market structure is determined by the
A. Price charged for the good or service produced.
B. Amount of compensation given to the CEOs.
C. Annual revenue, costs, and profits for an industry.
D. Number and relative size of the firms in an industry.
Answer: D
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The liquidity premium theory holds that investors
A) always choose the bond with the highest expected return, regardless of maturity. B) require a term premium to compensate them for investing in a less preferred maturity. C) view bonds of different maturities as perfect substitutes. D) view bonds of different maturities as completely unsubstitutable.
The following figures are for the banking system. Deposits at the central bank = 400 U.S. Government Securities = 600 Transactions Deposits = 1,700 Loans = 800 Stockholder's Equity = 70 Other Assets = 450 Other Liabilities = 380 Borrowing from the Federal Reserve = 250 Cash in the Vault = 150 The reserve ratio on transactions deposits = 10% Currency in circulation = 10 The monetary base equals:
a. 80 b. 1,700 c.A multiple of 80 d. A multiple of 250 e. 560
What is the best explanation for the slope of the Keynesian zone of the aggregate supply curve?
A. an increase in aggregate demand causes both real output and the price level to increase. B. an increase in aggregate demand when the economy is operating below potential output causes real output to grow, with little or no effect on the price level. C. an increase in aggregate demand when the economy is operating at potential output causes the price level to rise, with little or no effect on real output.
How much is this firm's output?
