The term "labor" for an economist includes
A. only the value of the work done by scientists.
B. all employees who have high school diplomas.
C. all skilled workers, but not the unskilled workers.
D. all productive contributions of humankind.
Answer: D
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Dividing the dividend payment by the stock's ________ determines the dividend yield
A) closing market price B) highest yearly price C) coupon payment D) price/earnings ratio
Suppose the economy is operating on the LM curve but not on the IS curve. Given this information, we know that
A) the goods market is in equilibrium and the money market is not in equilibrium. B) the money market and bond markets are in equilibrium and the goods market is not in equilibrium. C) the money market and goods market are in equilibrium and the bond market is not in equilibrium. D) the money, bond and goods markets are all in equilibrium. E) neither the money, bond, nor goods markets are in equilibrium.