Contracts are usually less costly to arrange and enforce than spot market transactions, and they bring benefits that are unobtainable in spot markets
Indicate whether the statement is true or false
F
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Which of the following would NOT shift the aggregate demand curve to the left?
A) an increase in money demand B) a cut in federal government spending C) a reduction in federal income taxes D) a decrease in consumption spending
According to the law of diminishing returns
A) the total product of an input will eventually be negative. B) the total product of an input will eventually decline. C) the marginal product of an input will eventually be negative. D) the marginal product of an input will eventually decline. E) none of the above
A manager invests $400,00 . in a technology to reduce overall costs of production. The company managed to reduce their cost per unit from $2 to $1.85 . Ceteris peribus, if the firm continues its production in the same economic environment, the firms economic profits should
a. increase b. decrease c. stay the same d. increase as long as the investment does not generate implicit costs that are greater than $0.15 per unit
Open market operations are
a. when U.S. treasury bonds are bought or sold in the private market. b. when the Fed changes the reserve requirement rate. c. when the Fed buys or sell U.S. treasury bonds. d. when U.S. treasury bonds are issued by the U.S. government.