id string | problem string | answer string | answer_type string | category string | difficulty string | eval_score int64 | similar_problems list |
|---|---|---|---|---|---|---|---|
null | The government hikes taxes. If the Fed does not fully accommodate this type of fiscal action, then interest rates will do what, as aggregate demand changes?
a. contractionary; increase
b. expansionary; increase
c. expansionary; decrease
d. contractionary; decrease | d | null | null | null | null | null |
null | The stockholders' equity of True Corporation is as follows:
Share Capital
Additional Paid-in Capital
Retained Earnings
Total
Common ($1 par)
8,000 shares authorized
6,000
$ 2,000
$ 100,000
$ 106,200
$ 108,200
9,000 shares issued ... | None | null | null | null | null | null |
null | Which of the following statements are correct regarding service department costs? Choose all that apply.
A. They include costs for storage, security, and general administrative services.
B. They include rent and maintenance costs.
C. They are typically allocated to all departments based on the amount of the service ... | None | null | null | null | null | null |
null | If your marginal value of a good is equal to the price of the good, you
a) will buy the good.
b) are receiving the highest benefit from the last good purchased.
c) are maximizing total benefit from the expenditure.
d) are maximizing the ratio of total benefit to total expenditure.
e) a, b and c are correct.
f) a,... | None | null | null | null | null | null |
null | The payback period is an example of a(n):
a. accounting profitability measure.
b. risk-adjusted measure.
c. profitability measure that ignores the time value of money.
d. measure based on net income. | None | null | null | null | null | null |
null | If f(x)=3x^2-5x+1, 0\leq x\leq 3 evaluate the Riemann sum with n=6, taking the sample points to be right endpoints. | None | null | null | null | null | null |
null | public class Test2
{
public static int x;
public static int foo(int y)
{
return y * 2;
}
public static void main(String [] args)
{
int z = 5;
assert z > 0; /* Line 11 */
assert z > 2: foo(z); /* Line 12 */
if ( z < 7 )
assert z > 4; /* Line ... | D | null | null | null | null | null |
null | A labor union that bargains collectively with its employer is most likely to
A. make employment more elastic.
B. increase wage rates.
C. make employment less elastic.
D. increase employment.
E. decrease labor demand. | None | null | null | null | null | null |
null | In 2013 the risk-free rate is 5% and the market risk premium is 6%. Assume that required returns are based on the CAPM.
Your $1 million portfolio consists of a $300,000 investment in each of three stocks. What is the expected return on your portfolio if the betas of the three stocks are 1.0, 0.8, and 1.6, respectively... | None | null | null | null | null | null |
null | Consider the following data on returns for three stocks in three different scenarios. Assume the risk-free rate of return is 3%.
Scenario | Probability | Stock A Return | Stock B Return | Stock C Return
------- | -------- | -------- | -------- | --------
Bad | 0.50 | -10% | 15% | -5%
Okay | 0.40 | 3% | 10% | 2%
Good |... | None | null | null | null | null | null |
null | Find the additional cost incurred in dollars when production is increased from 200 to 400 units, given the marginal cost function C'(x) = 600 - 0.5x. | None | null | null | null | null | null |
null | Sales returns and allowances reduce:
a. Sales on account only
b. Sales only
c. Gross sales
d. All of these choices are possible | None | null | null | null | null | null |
null | To analyze these data, we should use
Select one:
a. the two-sample t-test.
b. the one-sample t-test.
c. the matched pairs t-test.
d. Any of the above are valid. It just needs to be a t-test since population SD is unknown. | c | null | null | null | null | null |
null | Find the sample size necessary to estimate the mean IQ scores of statistics students such that it can be said with 90% confidence that the sample mean is within 8 IQ points of the true mean, given a standard deviation of 10. Determine the required sample size using technology. | None | null | null | null | null | null |
null | Assume a population of 4 for which the values of the population variable {eq}x{/eq} are {eq}x_1=5, x_2=6, x_3=7{/eq}, and {eq}x_4=8{/eq}. The variable {eq}x{/eq} has a population mean of 6.5 and a population standard deviation of 1.12. Suppose samples of size {eq}n=2{/eq} are randomly selected from the population. For ... | None | null | null | null | null | null |
null | From one year to the next, inflation rises from 4 to 5 percent, while unemployment rises from 6 to 7 percent. Which of the following events could be responsible for this change?
A.The central bank increases the growth rate of the money supply.
B.The government cuts spending and raises taxes to reduce the budget defic... | None | null | null | null | null | null |
null | You have the following information about a firm:
-Total output: 100 units
-Total variable cost: $100
-Average fixed cost: $5
The marginal cost of the 100th item produced is _____.
a. $5
b. $105
c. $10
d. Cannot determine based on information given | None | null | null | null | null | null |
null | Evaluate $$\lim_{t \rightarrow -1} \dfrac{ t^{2} - 2t + 3 }{ t^{3} - 6t + 1 }$$ | None | null | null | null | null | null |
null | For a given labor demand curve, which of the following is not held constant?
A. the production function
B. the price of the input
C. the productivity of labor
D. the price of labor | D | null | null | null | null | null |
null | Solve the problem by using a Riemann sum. The number of units in inventory in a storage building at the end of each of 12 consecutive weeks is shown in the following table:
week (x)
1
2
3
4
5
6
7
8
9
10
11
12
Number of units (y)
85
78
... | None | null | null | null | null | null |
null | Assume that the first set of off-site data from a standard survivorship table includes 1,000 customers at time zero who have not purchased the product and 100 customers at one year who have not purchased the product. Based on this information, the probability of purchase is approximately:
A. 8.3% per year.
B. 9.1% pe... | None | null | null | null | null | null |
null | The cost of new issues of securities at _____.
a. the cost of funds
b. the best possible terms
c. the shareholders' required rate of return
d. the firm's average return over the last few years | None | null | null | null | null | null |
null | Is it possible to have a non-zero amont of contribution margin and net operating loss at the same time? | None | null | null | null | null | null |
null | B4S Company makes organic fertilizer. Gardeners love the product and are willing to pay $15 per bag. However, their current process produces 20% waste (yield) and their variable costs are $4 per bag. They are considering purchasing new equipment that will cost $200,000 and will reduce their variable cost to $3 per bag.... | None | null | null | null | null | null |
null | Assume $f \in C^{\infty}(\mathbb{R}^2)$ satisfies $f(\sin 2t, \sin t)=0$ for all $t\in \mathbb{R}$. Evaluate the limit \begin{equation*} \lim_{h \to 0}\frac{f(2h,h)}{h}. \end{equation*} | 0 | null | null | null | null | null |
null | Which of the following statements is false?
A. The statement of cash flows is prepared before the other financial statements.
B. The income statement is prepared before the balance sheet.
C. The balance sheet is prepared before the cash flow statement.
D. The statement of cash flows focuses on the cash impact of th... | None | null | null | null | null | null |
null | The _____ of a firm's net income are the cash flows directly affected by the income statement.
A. real flows
B. derived from flows
C. accounting flows
D. direct flows | None | null | null | null | null | null |
null | Which of the following statements is correct?
A. The actual price of money is a monetary concept.
B. If the interest rate on currency is 10% and the interest rate on checkable deposits is 6%, then the actual price of money is 4%.
C. The actual price of money is not related to the interest rate.
D. If the interest r... | None | null | null | null | null | null |
null | Using the superheated table at P = 700 kPa, we get,
The specific internal energy of the refrigerant at the final state is, u2=390.8 kJ/kg
How does one get this answer of 390.8 kj/kg? | None | null | null | null | null | null |
null | Let $A(z)=\sum_{n=0}^{\infty}a_n z^n$ be the generating function for the sequence $(a_n)_{n=0}^{\infty}$. Calculate the radius of convergence of $A$ in the case $a_n=\sqrt{n}$, $a_n=n!$, and $a_n=n^n$. | None | null | null | null | null | null |
null | What is wrong with my reasoning that when $n=16$, there are four non-isomorphic abelian groups: $\mathbb Z_{16}$; $\mathbb Z_8×\mathbb Z_2$; $\mathbb Z_4×\mathbb Z_2×\mathbb Z_2$; $\mathbb Z_2×\mathbb Z_2×\mathbb Z_2 ×\mathbb Z_2$; and therefore $n=16$ is a valid answer to the question of finding the smallest positive ... | 36 | null | null | null | null | null |
null | A loan that calls for the periodic payment of principal in addition to interest is called a(n):
a. fixed-rate loan
b. pure discount loan
c. interest-only loan
d. bullet loan
e. amortized coupon bond
f. amortized loan | None | null | null | null | null | null |
null | The demand function is given by
p = - \frac{1}{3}Q^2 - \frac{1}{2}Q + 40
Find the value of Q that maximizes total revenue. | None | null | null | null | null | null |
null | Which of the following laws first required SEC registrants to maintain a system of internal control that provides reasonable assurance that the organization's objectives are met?
a. Securities and Exchange Act of 1933
b. Foreign Corrupt Practices Act of 1977
c. Private Litigation Securities Reform Act of 1995
d. Sa... | None | null | null | null | null | null |
null | Tim recently purchased a new car. His only options were:
a. The car was new and paid for cash.
b. The total purchase cost was $14,000.
c. The car was fully depreciated by the time he sold it.
d. The price of the car was based on the higher of the selling price or fair market value. | None | null | null | null | null | null |
null | Varia Company's relevant range of production is 3,000 units to 11,000 units. The unit costs when it produces and sells 4,000 units are provided in the table. Compute the total variable cost to make 5,500 units.
4,000 units
Direct materials
$12
Direct labor
8
... | None | null | null | null | null | null |
null | Perform the appropriate test at a 1% level of significance for the difference in average starting salaries of high school math teachers in private and public schools. What is the decision? (0 if you reject and 1 if you don't or accept) | 1 | null | null | null | null | null |
null | Zippy Corporation just purchased computing equipment for $20,500. The equipment will be depreciated using a five-year MACRS depreciation schedule. If the equipment is sold at the end of its fourth year for $15,500, what are the after-tax proceeds from the sale, assuming the marginal tax rate is 35 percent. (Round the a... | None | null | null | null | null | null |
null | Suppose the gold spot price is $280/oz. The November gold futures price is $285/oz. The December gold futures price is $282.50/oz. The December gold futures price minus the November gold futures price is:
a. $7.5
b. $5
c. $2.50
d. $10 | None | null | null | null | null | null |
null | Scott Company purchased equipment for $150,000 on October 1, 2016. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $15,000. Estimated production is 20,000 units and estimated working hours is 10,000.
During 2016, Scott used the equipment for 900 hours and the equipment prod... | None | null | null | null | null | null |
null | What happens to the market clearing price when two firms produce identical (perfectly substitutes) products and increase production?
a. The market clearing price will fall.
b. The market clearing price will rise.
c. The market clearing price will remain the same.
d. The market clearing price will rise at first but ... | None | null | null | null | null | null |
null | The College Board reports that in a recent year, the mean mathematics SAT score was 508, and the standard deviation was 112. A sample of 65 math scores is chosen. What is the probability that the sample mean score is less than 520? | None | null | null | null | null | null |
null | Given $\lim \limits_{n \to \infty}\left(1 + \frac{1}{\sqrt[3]{n^3 - n^2}}\right)^n$, is my proof, which concludes that the limit is $e$, strict enough, especially the step where I approximate $\sqrt[3]{1 - 1/n}$ by $1$? | e | null | null | null | null | null |
null | All else being equal, which of the following would result in a decrease in a company's cash flow margin?
a. An increase in the company's net income.
b. A decrease in operating expenses.
c. An increase in the company's interest expense.
d. An increase in the company's gross profit. | None | null | null | null | null | null |
null | Which of the following statements is not correct?
A. First-degree price discrimination works to increase a firm's profits by converting consumer surplus into revenue for the firm, while third-degree price discrimination increases a firm's profits by more accurately assessing the willingness to pay of different groups ... | None | null | null | null | null | null |
null | Data for January for Bondi Corporation and its two major business segments, North and South, appear below:
Sales revenues, North
$465,000
Variable expenses, North
$271,000
Traceable fixed expenses, North
$61,400
Sales revenues, South
$328,500
... | None | null | null | null | null | null |
null | Maxx Company makes and sells a product called Product K. Each unit of Product K sells for $20 and has a unit variable cost of $13. Maxx expects to sell 8,000 units of Product K during the next month. The fixed costs for next month total $75,000.
What is the margin of safety percentage for Maxx? | None | null | null | null | null | null |
null | Stock Y has a beta of 1.80 and an expected return of 22%. The market free cash flow is expected to be $495,000. The cost of capital is 15% for this firm. Using the compressed adjusted present value model, what is the value of this firm? | None | null | null | null | null | null |
null | Find the total length of the cardioid: r = 1 + cos θ. | 8 | null | null | null | null | null |
null | A normal population has a mean of 75 and a standard deviation of 5. You select a sample of 40.
Compute the probability the sample mean is between 76 and 77. | None | null | null | null | null | null |
null | Walter Industries will pay an annual dividend of $4.60 a share next year. The dividend will then remain constant for the following two years. After that time, the company will pay a final dividend of $1.60 a share as it goes bankrupt. What is the maximum amount you should pay to purchase stock in this company if you re... | None | null | null | null | null | null |
null | The time value of money is based on the concept of:
A. earning a return on the invested funds
B. interest on interest
C. the appreciation of asset values over time
D. buying a little and selling a little | None | null | null | null | null | null |
null | Convert 415 mg of Na2SO4 to moles. Round your answer to three significant figures and do not type units. | None | null | null | null | null | null |
null | Consider the linear transformation T(x) = Ax, where A is a 3 x 5 matrix. Which of the following must be true?
a) The rank of T cannot be greater than 5
b) The nullity of T cannot be greater than 3
c) The rank of T cannot be less than 3
d) The rank of T cannot be less than 5 | None | null | null | null | null | null |
null | The juxtaglomerular complex:
a. secretes erythropoietin
b. consists, in part, of specialized anteriolar-muscle cells
c. secretes renin
d. consists, in part, of specialized tubular cells of the distal convulated tubule
e. secretes aldosterone | c | null | null | null | null | null |
null | What should be the next step in simplifying $3^{-2m} \times 3^{2m}$, after I've already used the rule $a^b \times a^c = a^{b+c}$ to get $3^{-2m + 2m}$? | None | null | null | null | null | null |
null | Which of the following statements about the minimum wage is correct?
A. An increase in the minimum wage enhances the well-being of all unskilled workers.
B. An increase in the minimum wage has no effect on the well-being of middle-class families.
C. Advocates of the minimum wage argue that the demand for labor is re... | None | null | null | null | null | null |
null | James inherited an annuity worth $2,493.10 from his uncle. The annuity will pay him three equal payments of $950 at the end of each year. What rate of return is the annuity fund offering?
a.) 8.26%
b.) 7.00%
c.) 9.45%
d.) 6.09% | None | null | null | null | null | null |
null | Assuming the income tax rate is $T$ and everything else is exogenous, do comparative statics with respect to $T$ on the following utility-maximizing choice problem:
$$\max_{(x,y)}~x+y ~~\text{subject to}~~ x+y=p_y\cdot w $$
where $w$ is total income, $p_y$ is the price of the taxed good $y$, and the price of $x$ is $... | None | null | null | null | null | null |
null | Bill Billings, owner of the Carver Products Company, needs to have $25,000.00 available in 2 years. How much should he invest now at 9% interest compounded annually to have the required amount in 2 years? | None | null | null | null | null | null |
null | Duck Textiles Inc. produces and sells a decorative pillow for 98 per unit. In the first month of operation, 2,300 units were produced and 1,900 units were sold. Other information for the month includes:
Variable manufacturing costs22 euro per unit
Variable marketing costs16 euro per unit
Fixed manufacturing costs15... | 114,000 | null | null | null | null | null |
null | Which COX enzyme are piroxicam, ibuprofen, flurbiprofen, and mefenamic acid more selective for?
a. COX-1
b. COX-2
c. They are equally selective for COX-1 and COX-2. | None | null | null | null | null | null |
null | Assume that the random variable X is normally distributed, with mean {eq}\mu{/eq} = 60 and standard deviation {eq}\sigma{/eq} = 16. Compute the probability P(X < 80). | None | null | null | null | null | null |
null | Let $X=\{x_0,x_1,...\}$ a set where $x_0=0$. $X$ is endowed with the lexicographic order defined as: $x\leq y$ if $x=x_0$ or $\forall n \in \mathbb N, x_n<y_n$. Define $X=\{x\in X | x_n \geq 0 \forall n \in \mathbb N\}$ with the induced order from $X$. Is $X$ complete? Is $X$ compact? Is $X$ bounded? Why or why not? | None | null | null | null | null | null |
null | How many solutions does the equation $\sin(e^{\sin x})=\sin(e^{\sin y})$ have if $0<x,y<1$? Is there a general approach to solving equations like these? | None | null | null | null | null | null |
null | Write $\mathbb{Z}_2[x]/\langle x^3+x+1\rangle$ as an isomorphic product of fields (if possible). If not, prove why it is not possible.
I found that $\langle x^3+x+1\rangle$ is a maximal ideal so $\mathbb{Z}_2[x]/\langle x^3+x+1\rangle$ is a field. The field has $2^3=8$ elements so I thought maybe I could write it as t... | None | null | null | null | null | null |
null | What is the probability that in a random sample of 400 voters, less than 49% will favor Maureen Webster, assuming she is favored by 53% of all eligible voters? | 0.0548 | null | null | null | null | null |
null | You are a manager at a firm and you believe your monthly costs have increased. The costs have always been $9,000 but you now believe they are more and would like to test this claim. If you run a hypothesis test, which of the following statements would fit your problem?
A. You have an upper-tail test
B. Your alternati... | None | null | null | null | null | null |
null | A sample is selected from a population with {eq}\mu=80{/eq}, and a treatment is administered to the sample. If the sample variance is {eq}s^2=20{/eq}, which set of sample characteristics is most likely to lead to a decision that there is a significant treatment effect?
A) M=90 for a sample of n=25.
B) M=85 for a samp... | None | null | null | null | null | null |
null | Jim Braddock is an accountant for Pula, Inc., a furniture wholesaler. In addition to his regular duties, he volunteers 10 hours per week in Community Meals, a local charity that distributes meals to the homeless. He recently took on an extra $20 per week in work with the meals program. Pula pays Jim $450 per week.
How... | None | null | null | null | null | null |
null | Baker Company, using the perpetual method of inventory, purchases and sells inventory during the year as follows:
Units Cost per Unit Total Cost
Jan. 1 Beginning inventory 50 $70 $3,500
Jan. 12 Purchase 100 $80 $8,000
Feb. 26 Sale 40
Nov. 18 Purchase 60 $90 $5,400
Dec. 1 Sale 30
A physical count of inventory on D... | None | null | null | null | null | null |
null | A firm has total assets of $2,000,000 and a debt ratio of 30%. Currently, the firm has sales of $3,000,000, total variable costs of $2,000,000, and fixed costs of $500,000. If the firm's before-tax cost of debt is 10% and the firm's tax rate is 40%, what is the firm's ROE? | None | null | null | null | null | null |
null | Which of the following statements about reversing entries is true?
a. Identical balances eventually result with or without reversing entries.
b. Reversing entries may not be used with accrued revenues.
c. Reversals are usually for adjusting items that do not involve future cash flow.
d. All of the above.
e. None o... | a | null | null | null | null | null |
null | With _____, the optimal tax level is determined by the point at which consumer surplus is equal to the deadweight loss created by the tax.
a. a uniform tax
b. a tax that is graduated based on income
c. a regressive tax
d. an ad valorem tax
e. an excise tax | None | null | null | null | null | null |
null | Suppose a portfolio manager has $10 million to invest and is considering two alternatives:
(1) Investing the full $10 million in a single asset (asset A)
(2) Splitting the investment equally between assets A and B.
The returns from investing in either A or B depend on the overall performance of the stock market duri... | None | null | null | null | null | null |
null | 1. The company has 14-year bonds outstanding with a face value of $1,000 and a market price of $1,035. The bonds pay interest annually and have a yield to maturity of 3.6%. What is the coupon rate? | None | null | null | null | null | null |
null | Suppose the reserve requirement is 15 percent. A $1 billion purchase of government securities by the Fed will:
a. reduce the potential amount of checkable deposits in the banking system by $6.67 billion.
b. increase the potential amount of checkable deposits in the banking system by $1 billion.
c. reduce the potenti... | None | null | null | null | null | null |
null | Which of the following activities would not be included in the statement of cash flows?
a) Operating activity
b) Investing activity
c) Financing activity
d) Relating activity | None | null | null | null | null | null |
null | Each of the following accounts is closed to Income Summary except:
a. Owner's Drawings.
b. Expenses.
c. Revenues.
d. All of these are closed to the Income Summary. | a | null | null | null | null | null |
null | If the quantity demanded increases 30% in response to a 25% decrease in price, then:
a. demand is elastic and total revenue will decrease
b. demand is elastic and total revenue will increase
c. demand is inelastic and total revenue will increase
d. demand is inelastic and total revenue will decrease | None | null | null | null | null | null |
null | The Wintergrass Company has an ROE of 13.3 percent and a payout ratio of 30 percent. What is the company's sustainable growth rate?
9.31% | None | null | null | null | null | null |
null | A cube of side a has a net electric flux of -100 {eq}\frac{N.m^2}{C}
{/eq}. Find the charge inside the cube. | None | null | null | null | null | null |
null | The carrying value of a depreciable asset
a) equals the market value of the asset.
b) is equal to the fair value of the asset.
c) is always the same as the book value of the asset.
d) is the asset's cost minus accumulated depreciation. | None | null | null | null | null | null |
null | A company purchased a machine costing $150,000 with a 20% trade-in allowance. $12,000 was paid in cash and a six-year note was signed for the balance. What was the amount of retained earnings for this transaction? | None | null | null | null | null | null |
null | A $2.00 increase in a product's variable expense per unit accompanied by a $2.00 increase in its selling price per unit will:
Multiple Choice
a. decrease the degree of operating leverage.
b. decrease the contribution margin.
c. have no effect on the break-even volume.
d. have no effect on the contribution margin r... | c | null | null | null | null | null |
null | If real GDP is $4 trillion and the GDP deflator is 200, then nominal GDP equals:
a. $8 trillion
b. $2 trillion
c. $2.5 trillion
d. $2 trillion | None | null | null | null | null | null |
null | Given a normal distribution with μ = 50 and σ = 4, 60% of the values are between what two X values? | None | null | null | null | null | null |
null | How many people should be surveyed if we want to estimate the proportion of students who prefer using the test center? Assume we want 90% confidence we are within 5% of the true population proportion and that a prior study showed 53% preferred it. | None | null | null | null | null | null |
null | In a perfectly competitive industry,
a. the demand curve for an individual firm is a horizontal line.
b. each individual firm maximizes profits where marginal cost equals price.
c. the market demand curve is always downward sloping.
d. each individual firm produces that output at which marginal revenue equals zero.... | None | null | null | null | null | null |
null | I have an array of 32 elements. It is my understanding that in an ideal world, the sum of the matrix $A^HA$ (assuming that $A$ is a 32x32 matrix, and $A^H$ is the hermitian transpose) is $32 I$, where $I$ is the 32x32 identity matrix. In this case, when I take the sum of the diagonal, I get 1023.85, and the max value I... | None | null | null | null | null | null |
null | Let $(a_n)_{n\geq1}$ be a strictly increasing sequence of positive real numbers such that $\lim\limits_{n\to\infty} \frac{a_{n+1}}{a_n}=1$. Find $$\lim_{n\to\infty} \sum_{k=1}^{n} \frac{a_k}{a_k+a_1+a_2+...+a_n}$$ | 1 | null | null | null | null | null |
null | The firms in an oligopoly are:
A. few in number.
B. small relative to the market and have no influence on the price.
C. large relative to the market and have some control over the price.
D. price takers. | None | null | null | null | null | null |
null | Consider the following utility function {eq}u(x, y) = x + 5y{/eq}. Which of the following statements is false?
A. This utility function implies that goods {eq}x{/eq} and {eq}y{/eq} are perfect substitutes.
B. This utility function gives different levels of utility to different combinations of {eq}(x, y){/eq}.
C. Thi... | None | null | null | null | null | null |
null | Strom Corporation's fixed costs total $360,000, its variable cost ratio is 35% and its variable costs are $5.75 per unit. Based on this information, the break-even point in units is closest to: | None | null | null | null | null | null |
null | How do I show that the relations $R_1=\{(x,y)\in \mathbb{Z}\times \mathbb{Z}\,|\,\text{ $x+y$ is even}\}$ and $R_2=\{(x,y)\in \mathbb{Z}\times \mathbb{Z}\,|\,\text{ $x-y$ is even}\}$ are equivalence relations and find their equivalence classes? Is there a more general way to find the equivalence classes for similar pro... | None | null | null | null | null | null |
null | Suppose the MPC is 0.70. Full-employment GDP is $6,000 billion and current GDP is $5,500 billion. To bring the economy to full employment with no inflationary pressures, tax policy should:
a. decrease taxes by $1,000 billion.
b. decrease taxes by $500 billion.
c. increase taxes by $1,000 billion.
d. increase taxes ... | None | null | null | null | null | null |
null | Where have I misapplied the CRT in the calculation of $2^{107} \pmod {187}$ given that $2^{107}\equiv 7 \pmod{11}$ and $2^{107}\equiv 8 \pmod{17}$, and the CRT formula is $x\equiv a_1 b_1 \frac{M}{m_1}+a_2 b_2 \frac{M}{m_2}\pmod M$, where $b_1 = (187/11)^{-1}\pmod{11}\equiv 2\pmod{11}$ and $b_2=(187/17)^{-1}\pmod{17}\e... | 161 | null | null | null | null | null |
null | A company will pay a dividend of $3 per share next year. The company pledges to increase its dividend by 7% per year indefinitely. If you require a return of 12% on your investment, how much will you pay for the company's stock today? | None | null | null | null | null | null |
null | What happens to the manufacturer's inventory after a sale of merchandise, if the perpetual inventory system is used?
A) The merchandise inventory account will decrease.
B) The cost of goods sold account will increase.
C) The sales returns and allowances account will increase.
D) The estimated returns inventory acco... | None | null | null | null | null | null |
null | The name economists give the process by which stockholders gather information by frequent monitoring of the firm's activities is:
a) costly state verification
b) the free rider problem
c) costly avoidance
d) debt intermediation | None | null | null | null | null | null |
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