An increase in the growth rate of population in a steady-state economy would cause
A) a parallel shift upward in the investment line.
B) a pivot up and to the left in the investment line.
C) a pivot down and to the right in the investment line.
D) a parallel shift downward in the investment line.
B
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The distinction between income and needs of the working poor is not vital for policy concerns
Indicate whether the statement is true or false
In the short-run macro model, aggregate expenditures are found by which of the following formulas?
a. AE = C + I + G + NX b. AE = Ip + T + S + G c. AE = C + Ip - T + NX d. AE = C + Ip + G + NX e. AE = C + Ip + G - NX
The law of demand states that when price increases, quantity demanded increases
Indicate whether the statement is true or false
If P = MC and MC > ATC, then a perfectly competitive firm will earn ______ profits.
A) positive B) zero C) negative D) breakeven