Consider a firm that needs one day to hire more labor, one week to increase its purchases of raw materials, and three months to change the amount of its capital. This firm's long run is

What preconceptions do you have of "developing countries"? What do those preconceptions lead you to expect from this course?

What will be an ideal response?

The Federal Reserve Banks are owned by the:

A. Federal government B. Board of Governors C. United States Treasury D. Member banks