The following information are available about the economy, where all figures are in million dollars: Full employment = $2,000, Consumption $1,200, Investment = $400, Government spending = $500 and, Net exports =$200. Because short-run output is full employment output, in the long run, we would expect the price level to

Select one:
a. Greater than; fall
b. Less than; fall
c. Greater than; rise
d. Less than; rise

= Greater than; rise

Marcus nurseries inc.'s 2005 balance sheet showed total common equity of $2,050,000, which included $1,750,000 of retained earnings. the company had 100,000 shares of stock outstanding which sold at a price of $57.25 per share. if the firm had net income of $250,000 in 2006 and paid out $100,000 as dividends, what would its book value per share be at the end of 2006, assuming that it neither issued nor retired any common stock?