The greater part of the money assets traded in foreign exchange markets is demand deposits in banks.
Answer the following statement true (T) or false (F)
True
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The average productivity of capital is defined as the ratio of total capital employed to the total output produced
a. the extra output produced by employing one more unit of capital while holding other inputs constant. b. the extra output produced by employing one more unit of capital while allowing other inputs to vary. c. the ratio of total output produced to the quantity of capital employed. d.
Which of the following best describes a production function?
a. The relationship between the quantity of labor employed and total cost. b. The relationship between consumer preferences and market demand. c. The relationship between price and quantity supplied by sellers in a market. d. The relationship between the amount of resources employed and the total output produced by a firm.
The consumers that the CPI is based on includes:
A. unemployed persons in urban areas. B. "urban consumers." C. professors. D. All of these are included.
Which of the following statements, ceteris paribus, accurately describes the impact of government spending on aggregate demand?
a. A decrease in government spending will decrease aggregate demand. b. Aggregate demand rises with falling government spending. c. Aggregate demand falls with stable government spending. d. A decrease in government spending will stabilize aggregate demand.