Menu costs are the costs of:
A. changing production.
B. running a restaurant.
C. increasing aggregate demand.
D. changing prices.
Answer: D
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A rise in the money supply __________ the natural rate of interest
A) lowers B) raises C) has no effect on D) has an uncertain effect on
When comparing a? $100 billion increase in government expenditure to a? $100 billion decrease in tax? revenue, the effect of the increase in government expenditure on aggregate demand is
A) greater than the effect of the tax decrease.
B) equal to the effect of the tax decrease.
C) less than the effect of the tax decrease.
D) positive whereas the effect of the tax decrease is negative.
E) negative whereas the effect of the tax decrease is positive.
Why are transfer payments not included in GDP?
A. The amount is too low to have any effect. B. Unemployment varies and can't be tracked. C. They do not represent payments to those who contributed resources to currently produced goods or services. D. Money companies receive from the government isn't reported.
Frictional and structural unemployment both exist
A. when the economy is in long-run equilibrium. B. only when the economy is in recession. C. when inflation becomes very high. D. only when the economy is at the peak of the business cycle.