An increase in tuition rates for astronomy students would
a. decrease the wage rate for astronomers
b. cause the demand curve for astronomers to shift to the right
c. cause the demand curve for astronomers to shift to the left
d. lead to future reductions in the labor supply of astronomers
e. lead to a rise in the marginal revenue product of astronomers
D
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The relationship between consumption and disposable income is very unreliable and unpredictable
a. True b. False Indicate whether the statement is true or false
If a bank holds 100 percent of its deposits as reserves, then: a. it cannot make a loan
b. it cannot accept a deposit. c. it cannot allow a withdrawal. d. it cannot be taxed by the government.
Any tax reduction shifts the consumption schedule upward.
Answer the following statement true (T) or false (F)
Macroeconomics is concerned primarily with
A. aggregate economic variables. B. normative issues. C. large firms or multinational corporations. D. production and prices in particular markets.