Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A.
B. C to D.
C. B to D.
D. A to C.
Answer: B
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The statistical discrepancy account:
a. accounts for services. b. accounts for gifts to foreigners. c. is included to ensure a balance between debits and credits in the capital account. d. estimates transactions that were omitted from the official reporting process. e. causes the net balance in the balance of payments to be negative.
Considering the S&P 500 Index, if each company's stock price increased by 10%:
A. the weights in the index would remain the same. B. the companies with fewer shares would gain more weight at the expense of the companies with greater shares. C. the companies with the most shares outstanding would have even greater weight after the increase. D. the weights in the index would change to reflect the percentage changes in the prices of the various stocks.
If Ewan is consuming his utility maximizing bundle and the price of one good falls, what happens to the marginal utility per dollar spent on this good (MU/P), and what should Ewan do?
A) MU/P has increased and Ewan should buy more of this good. B) MU/P has increased and Ewan should buy less of this good. C) MU/P has decreased and Ewan should buy more of this good. D) MU/P has decreased and Ewan should buy less of this good.