When a business finds its obligations are ended,
a. all costs are variable costs
b. this is the short run
c. the market price of the output rises
d. the marginal cost curve shifts up
e. it may have to continue operations to minimize losses
A
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If the economic growth rate SLOWS from 5% to 1%, the simple accelerator hypothesis suggests that
A) investment will continue to rise as output increases. B) investment will fall as output increases. C) investment will accelerate since output growth is positive. D) None of the above is correct.
If the government spends more than it receives in taxes during a given interval, then the result is
A) a balanced budget. B) the gross public debt. C) the net public debt. D) a government budget deficit.
The Fed has which of the following as its strongest control over the money supply?
A. Interest rate changes B. The discount rate C. Open-market operations D. The required reserve rate
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3. B. -1.5. C. -3. D. -30.