A factory of 100 American workers just closed. Assuming the data in the table apply perfectly to the workers’ situation, about how many of them will find work by the end of 26 weeks?
a. 27
b. 35
c. 63
d. 78
d. 78
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Do you agree or disagree with the following statement: "If, in the neoclassical model of decision making, the discount factor changes over time, the predictions of the beta-delta model could be mimicked in the neoclassical model." Explain.
What will be an ideal response?
The relative price of a textbook is
A) the money price of the textbook divided by the money price of some other good. B) the price of the textbook compared with what students think it should cost. C) the amount it cost to make the textbook. D) what the author earned for writing the textbook.
The equilibrium level of real GDP is $1,000 . the target full-employment level of real GDP is $1,500, and the marginal propensity to consume is 0.75 . The target can be reached if government spending is:
a. increased by $100 billion. b. increased by $125 billion. c. increased by $500 billion. d. held constant.
An increase in government expenditures by $100 (unmatched by an increase in taxes) would, if the MPC = 0.90, result in an increase in real GDP by:
a. $1,000. b. $9,000. c. $900. d. $190. e. inadequate information is given.