Which of the following is a source of economic growth?
A. more resources
B. active economic policies
C. technology
D. both A and C
Answer: D
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The slope of a line equals the change in the variable measured along the
A) x-axis divided by the change in the variable measured along the y-axis. B) y-axis divided by the change in the variable measured along the x-axis. C) x-axis minus the change in the variable measured along the y-axis. D) x-axis multiplied by the change in the variable measured along the y-axis. E) y-axis minus the change in the variable measured along the x-axis.
As aggregate output rises, the demand for money ________ and the interest rate ________, so that money demanded equals money supplied and the money market is in equilibrium
A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls
A depreciation of one's currency means that:
A. the country's exports will become more expensive. B. the country's imports will become more expensive. C. the country's imports will become less expensive. D. it now requires less of this currency in exchange for one unit of another currency.
Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.
Figure 24.1Refer to Figure 24.1. Suppose that the consumption function is C = 400 + 0.5Yd and taxes are $200 billion, at equilibrium, what is the value of consumption?
A. $2,000 B. $1,350 C. $1,300 D. $1,150