Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30
B. exactly 60
C. fewer than 30
D. more than 30
Answer: C
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In terms of exposing others to risk, explain if there is a difference between you choosing to text while driving
and a company selling tablet computers where the batteries have been known to explode when the tablet is left on for a long period of time.
Which of the following observations concerning the Keynesian model is not true? a. It is helpful in explaining the events that unfolded in the 1930s
b. It is less useful in explaining today's economy. c. It explains the stagflation of the 1970s. d. It does not incorporate possible shifts in the aggregate supply curve.
Inflation accounting for the debt argues the following:
a. The change in the value of the debt when inflation occurs complicates income tax codes, and is the reason for the tax changes of 2003. b. The portion of interest payments that compensate lenders for inflation should be considered repayment of debt rather than interest expense. c. The debt represents an inflationary problem, and grows more rapidly when people fear inflation. d. The portion of the deficit dedicated to repayment of interest on the debt should not be considered part of the deficit, because it is a transfer.
Refer to the information provided in Table 24.3 below to answer the question(s) that follow.
Table 24.3
Refer to Table 24.3. At an output level of $1,200 billion, the level of aggregate expenditure is
A. $1,100 billion. B. $1,250 billion. C. $1,400 billion. D. $1,450 billion.