If DI falls by $100 billion, and C falls by $90 billion, the slope of the consumption is
A. ?0.45.
B. 0.45.
C. ?0.90.
D. 0.90.
E. 0.50.
Answer: D
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The equation Y = A is known as the ________
A) Cobb-Douglas production function B) labor supply curve C) marginal product of labor D) capital-to-employment function
The CPI is based on an:
A. average of the goods and services purchased by "urban consumers." B. average of the goods and services purchased by "rural consumers." C. average of the two baskets of goods and services purchased both by "urban" and by "rural" consumers. D. aggregated average meant to reflect the statistical average consumption.
Refer to the information provided in Figure 32.3 below to answer the question(s) that follow.
Figure 32.3Refer to Figure 32.3. Suppose the economy is at Point A. According to the rational expectation theory, an unanticipated decrease in money supply
A. leaves the economy at Point A. B. moves the economy to Point B. C. moves the economy to Point C. D. moves the economy to Point D.
For firms that sell one product in a perfectly competitive market, average revenue is:
A. equal to marginal cost. B. equal to the market price. C. calculated by total output divided by total revenue. D. greater than market price.