Demand factor:
What will be an ideal response?
increase in total spending
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Budweiser typically purchases several 30 second advertising spots during the Super Bowl at a very high cost. Miller Brewing Co typically does not advertise during the Super Bowl. Which of the following is correct?
a. Budweiser chooses to signal during the Super Bowl, while Miller Brewing Co. does not. b. Budweiser chooses to screen during the Super Bowl, while Miller Brewing Co. does not. c. Miller does not advertise during the Super Bowl because it has a superior product and the audience already knows that. d. Budweiser's advertisements during the Super Bowl are entertaining but convey no information about the quality of its products.
The multiplier measures the:
A. number of times each dollar is spent in the economy. B. effect of government spending or tax cuts on national income. C. supply of money in the economy. D. effect of household spending on national income.
A demand curve is defined as the relationship between:
A. the price of a good and the quantity of that good that consumers are willing to buy. B. the price of a good and the quantity of that good that producers are willing to sell. C. the income of consumers and the quantity of a good that consumers are willing to buy. D. the income of consumers and the quantity of a good that producers are willing to sell.
A federal surplus of $10 billion means that
A. the government plans on collecting $10 billion in taxes this year. B. the government is spending $10 billion a year less than it is collecting in taxes. C. the government has a total debt of $10 billion. D. government spending is $10 billion a year.