Refer to Figure 8.9. This farmer's profit-maximizing level of output is __________ units of output.
A) 100
B) 350
C) 500
D) 700
C) 500
Economics
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An example of "investment" in computing real GDP using the expenditure approach is the purchase of
A) a new set of tools by an auto mechanic, for use in repairing cars. B) 100 shares of IBM stock. C) a 100 year old house by a married couple. D) computer chips by Dell to put in their personal computers.
Economics
Suppose the reserve requirement is 15 percent. Which of the following is true? a. The simple money multiplier is 15
b. The simple money multiplier is 1/15. c. The simple money multiplier is 30,000. d. The simple money multiplier is 1/30,000. e. The simple money multiplier is 1/0.15.
Economics