Refer to the information provided in Figure 1.4 below to answer the question(s) that follow.
Figure 1.4Refer to Figure 1.4. Panel C shows a curve which has a slope that is
A. first negative and then positive.
B. infinite throughout.
C. zero throughout.
D. first positive and then negative.
Answer: C
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If an increase of $10 billion of investment results in an increase in equilibrium expenditure of $40 billion, the multiplier equals
A) $10 billion ÷ $40 billion = 0.25. B) $40 billion - $10 billion = $30 billion. C) $10 billion × $40 billion = $400 billion. D) $10 billion - $40 billion = -$30 billion. E) $40 billion ÷ $10 billion = 4.
Which Fed policy would be part of an expansionary monetary policy?
A) Buying government bonds. B) Raising the discount rate. C) Both of the above. D) None of the above.
A firm charging different customers different prices for the same product is engaged in:
a. Price discrimination b. Price matching c. Markup pricing d. Predatory pricing.
When there are more qualified applicants than job openings, this indicates that the
A. Available jobs must be very desirable and pay high wages. B. Economy must be in a recession. C. Wages being offered are too high. D. Labor supply curve must be backward-bending.