Money is a concept that has a certain value at a point in time
a. True
b. False
Indicate whether the statement is true or false
True
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Imports are defined as the goods and services that we
A) partially produce in both the United States and another country. B) produce and consume in the United States. C) produce abroad using U.S. owned factories and then consume in the United States. D) buy from other countries. E) sell to other countries.
The expenditure multiplier is greatest when the
A) LM curve is positively sloped. B) LM curve is horizontal. C) IS curve is vertical. D) LM curve is vertical.
If Microsoft stock has a constant net return each year, then the value of a share of Microsoft stock is determined by
a. subtracting Microsoft's total costs from its total revenue. b. multiplying the annual net income by the number of shares. c. dividing the annual net income from the asset by the interest rate. d. both a and b above.
Which of the following circumstances would not cause GDP to either understate or overstate economic well-being today in comparison to that which existed 75 years ago?
A. A shorter workweek today B. Greater military spending today C. A trend toward merger and consolidation of business firms D. More air and water pollution