Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.
Figure 23.4Refer to Figure 23.4. The aggregate consumption functions C1 and C2
A. have the same autonomous consumption values.
B. have the same MPC values.
C. imply different MPS values.
D. have the same break-even values.
Answer: B
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Which area in the above figure is the deadweight loss if 100 snowboards are produced?
A) A + B + C B) D + E + F C) C + E D) There is no deadweight loss when 100 snowboards are produced.
If the short-run equilibrium output of the United States exceeds the potential output, the Fed:
a. employs an active monetary policy to close a recessionary gap. b. employs an active monetary policy to close an expansionary gap. c. relies on a passive approach to close a recessionary gap. d. relies on a passive approach to close an expansionary gap e. employs an expansionary fiscal policy.
Other things constant, which of the following job characteristics would be most likely to result in a higher pay rate for the job?
a. The employer provides low cost child-care services on the premises. b. The job is widely viewed as prestigious. c. The job requires substantial amounts of stressful out-of-town travel. d. The job involves working in pleasant surroundings.
Compared to Italy and Japan in recent years, the debt as a percentage of GDP in the US is
A. roughly equal. B. substantially greater. C. substantially smaller. D. slightly smaller.