In trying to fix the U.S. economic system after the Great Recession, which of the following measures was not pursued by the U.S. government:
a. Lowing personal income taxes
b. Increasing government spending
c. Increasing the U.S. monetary base.
d. All of the above were pursued by the U.S. government.
.D
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The production function shows:
a. the total cost incurred to produce a certain level of output. b. the changes in cost incurred as output level varies. c. the relationship between inputs used and output produced. d. the impact of a change in production on the firm's revenues.
Bethany notices that whenever she receives a text message, her roommate Stella is playing her tuba. She concludes that Stella's tuba playing is causing her to receive text messages. Bethany is
A. definitely confusing correlation with causation. B. probably misguided in that there is no apparent correlation or causation in this situation. C. likely correct that there is causation, but the causation is more likely running in the opposite direction in that the text messages are causing Stella to play the tuba. D. very probably correct in her conclusion that the tuba playing causes her to receive text messages.
A demand curve shows the relationship between price and quantity demanded only so long as all other things are held constant
a. True b. False Indicate whether the statement is true or false
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential