In the table above, if the wage rate is $8.00 per hour, the profit-maximizing number of workers is

Suppose the required reserve ratio is 8% and that banks hold no excess reserves and the public does not change its currency holdings. If the Fed sells $5 million worth of securities, what happens to the amount of deposits in the banking system?

What will be an ideal response?

According to Rosenberg (2004), the U.S. economy between the Civil War and World War II was relatively poor in which of its productive resources?

(a) Land (b) Labor (c) Capital (d) Entrepreneurial talent