Which of the following is NOT an asset of a bank?
A) Cash equivalents of the bank B) Stockholders' equity
C) Long-term investments made by the bank D) Official bank reserves
B
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Because of diminishing marginal utility, you
A. should never buy more than one unit of a good, since additional units decrease your total utility. B. have to consider the effect of additional units on your total utility when you make purchases. C. wind up paying for units that you receive no benefit from. D. always want to increase your consumption of a good until the marginal utility you get is zero.
Suppose the marginal product of labor is MPN = 200 - 0.5N
where N is aggregate employment. The aggregate quantity of labor supplied is 100 + 4w, where w is the real wage. The government imposes a minimum wage of 60. What is the quantity of employment? A) 240 B) 260 C) 280 D) 300
The transmission mechanism in an economy alters: a. nominal gross domestic product through changes in the interest rate. b. real gross domestic product through changes in the interest rate
c. real gross domestic product through changes in the price level. d. nominal gross domestic product through changes in the price level.
Which decade had the greatest growth in U.S. labor productivity?
a. 1870s b. 1920s c. 1940s d. 1960s