In Figure 4-10 above, if the Fed's goal is to hold income constant, contractionary fiscal policy combined with the Fed's response takes us from points
A) B to D.
B) D to B.
C) A to C.
D) C to A.
A
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An increase in net exports will have a greater effect on equilibrium real GDP if the
A. marginal propensity to consume is smaller. B. average propensity to consume is larger. C. marginal propensity to save is larger. D. marginal propensity to save is smaller.
Based on the table, what is Barry's marginal benefit from the 40th slice of pizza?
A) $3 B) $5.50 C) $0.50 D) $12
If changes in inflation are higher than expected
A) the short-run Phillips curve will be negatively sloped. B) the short-run Phillips curve will be vertical. C) the short-run Phillips curve will be positively sloped, but not vertical. D) the long-run Phillips curve will be negatively sloped.
Which of the following is part of the uterus?
A. Areola B. Fimbriae C. Fundus D. Perineum