If the unemployment rate rises, which policies would be appropriate to reduce it?
a. increase the money supply, increase taxes
b. increase the money supply, cut taxes
c. decrease the money supply, increase taxes
d. decrease the money supply, cut taxes
b
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A price ceiling set below the equilibrium price ________ search activity and ________ the use of black markets
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Which of the following is not included in Nation A's financialaccount?
a. Nation A's interest earnings from foreign operations. b. Changes in foreigners' bank accounts in Nation A. c. Foreign purchases of Nation A's Treasury bills. d. All the above are included.
The production function for good X in the table below exhibits increasing marginal returns to capital over what output range? Production Function for Good XL*KQMPK=(?Q/?K)APK=(Q/K)LaborCapitalOutputMarginal Product of CapitalAverage Product of Capital900----910575.75.7092032426.716.2093065733.3B9401,07241.526.809501,52445.230.489601,97645.232.939702,39141.534.169802,72433.334.059902,991A33.2391003,0485.730.4891103,016-3.227.4291202,945-7.124.54
A. Between 3,016 and 2,945 B. Between 0 and 1,524 C. Between 2,391 and 3,048 D. Between 0 and 2,991
Personal income will equal disposable income when:
A. Corporate profits are zero B. Personal taxes are zero C. Transfer payments are zero D. Social Security contributions are zero