What do mainstream economists consider to be one cause of economic instability?
A. changes in the money supply
B. changes in resource availability
C. instability in expenditures
D. government intervention
Answer: C
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According to the Keynesian approach, an increase in taxes
A) will not impact consumption, as most consumption is autonomous. B) will reduce consumption by an amount less than the change in taxes. C) will increase consumption, as the government will spend the extra tax revenue and that increases consumption. D) will reduce consumption exactly by the amount of the taxes.
Suppose that the production function is Y = AK0.35L0.65, the number of workers equals 800, the capital stock is $150,000, and real GDP is $750,000. What is the value of total factor productivity?
What will be an ideal response?
Margaret can use her quarterly savings to buy a teakwood study table for her room or spend it on a small Christmas party with her family. The _____ cost of her enjoyment at the Christmas party would then equal the forgone utility of the study table
a. transaction b. exchange c. opportunity d. direct e. sunk
In the United States, which institution is primarily responsible for inspecting credit unions?
a. Federal Reserve b. Office of the Comptroller of the Currency c. National Credit Union Administration d. Federal Deposit Insurance Corporation