Refer to the graph shown. The least-cost method of producing 1,000 units of output is shown at point:
A. A.
B. B.
C. C.
D. D.
Answer: D
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If the marginal propensity to save is 0.20, then the value of the tax multiplier is
A) -5. B) -4. C) 5. D) 1.2.
The exchange rate is the
a. value of money b. quantity of dollars, yen, etc., that are traded c. amount of a foreign currency that is used to buy goods made in your country d. number of units of your currency that it takes to buy one unit of a foreign currency e. number of units of a foreign currency that can be bought with one unit of your own currency
When inflation rises, bond sales prices fall.
Indicate whether the statement is true or false
Which of the following is not true concerning economic growth?
A. It can be sustained in the short run but not the long run. B. It means that the production possibilities have expanded. C. It is an increase in real GDP. D. It's the result of more resources or better technology.