To calculate market demand, we
A. Add the quantities demanded for each individual demand schedule vertically.
B. Find the difference between the quantity demanded and the quantity supplied at each price.
C. Find the average quantity demanded at each price.
D. Add the quantities demanded for each individual demand schedule horizontally.
Answer: D
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An increase in government spending by $100 would, if the MPC = 0.90, result in an increase in real GDP by:
a. $1,000. b. $9,000. c. $900. d. $190. e. inadequate information is given.
The real rate of interest is the
a. money rate of interest plus the inflationary premium. b. money rate of interest minus the inflationary premium. c. yield one can expect to receive on loanable funds without taking significant risk. d. risk component associated with the ownership of real assets.
A simultaneous increase of government purchases by $50 billion and a tax hike of $50 billion should stimulate the economy by $50 billion.
Answer the following statement true (T) or false (F)
MC equals
A. ?VC/?Q. B. VC/Q. C. ?TC/?Q. D. FC/Q.