1.When calculating marginal cost,what must the firm know?
a. Sunk cost.
2.An increase in goverment purchases is likely to
a.decrease interese rates.
b.result in a net decrease.
c.crowd out investment spending by business.
d.decrease money demand.
3.The price of imported oil rises. If the government eanted to stabilize output,which of the following could it do?
a.increase government expenditures or increase the mony supply.
b.increase government expenditures or decrease the mony supply.
c.decrease government expenditures or increase the mony supply.
d.decrease government expenditures or increase the mony supply.
4.Monetary policy affects employment
a.only in the long run.
b.only in the short run.
c.in both the long run and the short run.
d.in neither the long run nor the short run.
5.If Huedepool Beer run into financial difficulty,the stockholders as
a.part owners or Huedepool are paid before bondholders get paid anyt hing at all.
b.part owners or Huedepool are paid after bondholders get paid.
c.creditors of Huedepool are paid before bondholders get paid anyt hing at all.
d.creditors of Huedepool are paid after bondholders get paid.
6.Last year real GDP in Oceania was 561.0 billion and the population was 2.2 million. The year before real GDP was 500.0 and the population was 2.0 million. what was the approximate growth rate of GDP per person?
7.in a 100 percent reserve banking system, if people decide to decrease the amount of currency they held by increasing the amount they held in checkable deposits
a.M1 would increase.
b.M1 would decrease.
c.M1 would not change.
d.M1 might rise or fall.
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