If expenditure by the government of a country increases, ________
A) the aggregate price level of the country will decrease
B) the country's expenditure on consumption will decrease
C) the unemployment rate in the country will increase
D) the gross domestic product of the country will increase
D
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The value of the multiplier ________ as the marginal propensity to save decreases
A) decreases B) increases C) is constant D) becomes negative
Draw individual demands for caviar for Al, Barbara, Chuck, and Denise where Al’s demand is relatively inelastic, Barbara’s is elastic, Chuck’s is upward sloping, and Denise refuses to eat caviar at any price. Then draw the corresponding market demand.
What will be an ideal response?
According to a recent study, college students who graduate during an economic recession end up accepting jobs that, on average, pay ________ less than the jobs accepted by students who graduate during economic expansions, and will continue to earn
less for ________ after they graduate. A) 26%; 5 years B) 9%; 8 to 10 years C) 4%; 3 to 5 D) 17%; 12 to 15
The price system is constantly sending __________ and ___________ thousands of signals.
Fill in the blank(s) with the appropriate word(s).