An increase in demand, all other things unchanged, will result in a(n) ________ in the equilibrium price and a(n) ________ in the equilibrium quantity.
A) increase; increase
B) decrease; decrease
C) decrease; increase
D) increase; decrease
Ans: A) increase; increase
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Assume that disposable income equals $1000 and the mpc equals 0.6. If total consumption equal $800, then autonomous consumption is equal to
A) $0. B) $200. C) $800. D) $1000.
The binary variable interaction regression
A) can only be applied when there are two binary variables, but not three or more. B) is the same as testing for differences in means. C) cannot be used with logarithmic regression functions because ln(0) is not defined. D) allows the effect of changing one of the binary independent variables to depend on the value of the other binary variable.
Of the curves displayed in the graph shown, graph B is most like to be the:
A. MC curve
B. AVC curve
C. AFC curve
D. ATC curve.
A big-push strategy for economic development relies heavily on government-sponsored and financed investments
Indicate whether the statement is true or false