Refer to the above graph. Which factor will shift AD1 to AD2?
A. The foreign purchase effect.
B. An increase in investment spending.
C. The real-balances effect.
D. An increase in productivity.
Answer: B
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Savings are good for a family. If all families increase savings, the economy is better off. This fallacy of composition is called:
a. the paradox of time. b. the paradox of dissaving. c. the paradox of thrift. d. the paradox of value. e. the paradox of choice.
The "allowable deficit" that causes no change in the debt-GDP ratio is equal to the ________ times ________
A) interest rate, outstanding national debt B) interest rate, nominal GDP C) rate of nominal GDP growth, outstanding national debt D) rate of nominal GDP growth, nominal GDP
The Sunshine Corporation finds its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question.OutputTVC1$302503654855110Refer to the above information. The total cost of producing 3 units of output is:
A. $185. B. $105. C. $65. D. $145.
After the first unit, a monopolist's marginal revenue is less than the price it charges because to sell an additional unit it needs to lower its price.
Answer the following statement true (T) or false (F)