The Fed sometimes works to partly offset or even neutralize the effects of fiscal policy with monetary policy
a. True
b. False
Indicate whether the statement is true or false
True
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Big Waves is a large water park. Suppose the individual demand for entrance into Big Waves is Qd = 50 - (2 × P) and each consumer has the same demand. Big Waves has a constant marginal cost of $5 per consumer. If Big Waves practices two-part pricing and charges the profit-maximizing membership fee and entrance fee, what is the profit per consumer?
A) $50 B) $500 C) $200 D) $400
The benefit of a subsidy accrues mostly to consumers
A) in every instance. B) if Ed/Es is large. C) if Ed/Es is small. D) if Ed and Es are equal. E) in no instance.
Identify the correct statement
a. Autonomous consumption equals saving when disposable income is equal to zero. b. Saving is equal to consumption when autonomous consumption is zero. c. The savings function always has a positive intercept when autonomous consumption is positive. d. The consumption and saving function intersect each other when disposable income is zero. e. Autonomous consumption is positive even when disposable income is zero.
The mistake of inferring causality from two events happening one after the other is called
A. the fallacy of co-dependence. B. the post hoc, ergo propter hoc fallacy. C. Ockham's razor. D. the fallacy of composition.