Which of the following will not cause aggregate private spending to decrease?
A) a reduction in expected future real interest rates
B) a reduction in government spending
C) an increase in future taxes
D) all of the above
E) none of the above
A
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How is a financial crisis like a power blackout?
What will be an ideal response?
Between 1986 and 2015, prescription drug prices rose
A. faster than overall inflation and faster than over-the-counter drugs. B. at the same rate as over-the-counter drugs. C. slower than overall inflation. D. slower than inflation for over-the-counter drugs.
Refer to the graph below. The selection of which point on the production possibilities curve is most like to result in the largest increase in economic growth over time?
A. A
B. B
C. C
D. D
Jim is planning on attending a football game that costs $40 . He will have to take the day off from the work losing 8 hours of work. His hourly wage is $10 . He estimates it will cost him around $20 for gas and parking at the game. Jim's total economic cost of attending the game equals
a. $80 b. $40 c. $20 d. $140