Supply-side economists focus more than other economists on
a. how fiscal policy affects consumption.
b. the multiplier effect of fiscal policy.
c. how fiscal policy affects aggregate supply.
d. the money supply.
c
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If real GDP per capita in the United States is $8,000 in 2016, and if real GDP per capita is $12,000 in 2026, what is the total percent change in the growth rate of GDP per capita between 2016 and 2026?
A) 3.33% B) 5% C) 33% D) 50%
Which of these transactions results in an increase in M2?
A) certificate of deposit matures, adding $520 to your checking account B) withdrawal of $100 cash from your checking account C) depositing a bank loan of $400 into your savings account D) depositing a $300 paycheck into your savings account E) none of the above
Which of the following is an example of a payoff matrix?
a. A chart listing a train's arrival and departure times b. A chart showing the income limits for each tax bracket c. A chart listing the possible outcomes for each decision d. A chart showing the effect of changes in variable input upon total output
We can measure the profits earned by a firm in a competitive industry as
a. (P - ATC) × Q.
b. (P - MC) × Q.
c. MR × MC.
d. (MC - ATC) × Q.