Which of the following will tend to increase velocity?
A. A decrease in the number of payments
B. A decrease in inflation
C. An increase in interest rates
D. An increase in the money supply
E. All of these responses are correct.
Answer: C
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The table above gives the total revenue and total cost for a perfectly competitive firm producing chocolate chip cookies. If the firm is producing 1 pound of cookies, to maximize its profit it will
A) increase its output. B) decrease its output. C) continue producing 1 pound of cookies. D) shut down.
The rule of equating marginal benefit with marginal cost is proper for economics, but it does not describe the way in which people make non-economic decisions.
Answer the following statement true (T) or false (F)
Expansionary fiscal policy
A) raises Real GDP more in an open economy than in a closed economy. B) raises Real GDP more in a closed economy than in an open economy. C) raises Real GDP equally in an open economy and in a closed economy. D) does not affect Real GD"P in an open economy.
Who was responsible for developing the 14 principles of management?
a. max weber b. henri fayol c. douglas mcgregor d. frank gilbreth