If the marginal revenue product of the last worker hired exceeds the marginal factor cost of the worker, the firm would be better served if it
A. maintains its current level of workers already hired.
B. hires additional workers.
C. lays off the last worker hired.
D. None of these is a good option for a profit-seeking firm.
Answer: B
Economics
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To change the rate of growth of the money supply, the Fed can do all but which one of the following?
A) Shift the demand for money curve by changing the interest rate. B) Engage in open market operations. C) Change the discount rate. D) Change the required reserve ratio.
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If the GDP deflator is equal to 100, then for that year nominal GDP is equal to real GDP
Indicate whether the statement is true or false
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