See Figure 19.1. Lu's consumer surplus is equal to
A. $500.
B. $300.
C. $100.
D. $200.
Answer: A
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If the money multiplier is approximated to be 4, then the reserve ratio must be:
A. 25 percent. B. 2.5 percent. C. 5 percent. D. 4 percent.
What are some of the suggested remedies for the U.S. trade deficits? What remedies have been attempted? What remedies are left to try?
What will be an ideal response?
Which of the following is not a characteristic of the U.S. health care system in comparison to health care systems in other countries?
a. Large numbers of people lack health care insurance. b. The United States spends more on health care per person. c. The United States relies more on private health care. d. The United States is the only country with a single-payer system.
A rightward shift in the aggregate demand curve can be caused by an increase in:
A. the price level. B. business investment spending. C. taxes. D. production costs.