If the full-employment GDP for the economy is at L, then we can say with certainty that the:
A. actual budget will have a deficit.
B. cyclically adjusted budget will have a deficit.
C. actual budget will have a surplus.
D. cyclically adjusted budget will have a surplus.
D. cyclically adjusted budget will have a surplus.
Economics
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If a corporation issues bonds that it cannot sell, this is an indication that
A. The coupon rate is too low. B. Dividends are too low. C. The opportunity cost of the bonds is too low. D. Expectations of future sales are low.
Economics
Firm managers should use inputs at levels where the:
A. Value marginal product of labor equals wage. B. Marginal benefit equals marginal cost and value marginal product of labor equals wage. C. Marginal benefit equals marginal cost. D. Price equals marginal product.
Economics