Among countries that purchased U.S. stocks and bonds in 2015, China was the biggest customer, accounting for over 50 percent of all purchases
Indicate whether the statement is true or false
FALSE
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The proposition that the velocity of money is fairly constant in the long run is known as the ________
A) neutrality of money B) classical dichotomy C) quantity theory of money D) Fisher effect E) none of the above
At a firm's profit-maximizing level of output, its price is $200 and its short-run average total cost is $225 . The firm
a. has a profit of $25 per unit of output. b. should shut down if its short-run average fixed cost is less than $25. c. has a loss of $100 per unit of output. d. should shut down if its short-run average variable cost exceeds $25.
The "natural" rate of unemployment is the unemployment rate toward which the economy gravitates in the
a. short run, and the natural rate is constant over time. b. long run, and the natural rate is constant over time. c. short run, and the natural rate changes over time. d. long run, and the natural rate changes over time.
Americans generally pay
A. a lower percentage of their incomes in taxes than citizens of other industrialized countries. B. a lower percentage of their incomes in taxes than citizens of other industrialized countries, with the exceptions of Sweden and the Netherlands. C. about the same percentage of their incomes in taxes as citizens of other industrialized countries. D. a higher percentage of their incomes in taxes than citizens of other industrialized countries.