Refer to the table representing Kara's bank account. Assuming that $2,000 was deposited into her account at the beginning of year 1, and no further deposits or withdrawals were made, the value for cell D:
A. is $662.
B. is $242.
C. is $420.
D. cannot be determined.
A. is $662.
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If the monthly unemployment rate increase mentioned in the Application wound up being a permanent and not temporary change, the best economic decision by the committee would most likely be to
A) decrease the money supply to stimulate the economy. B) not change monetary policy. C) decrease the money supply to slow the economy down. D) increase the money supply to stimulate the economy.
Assuming that the median voter model accurately explains how public sector decision are made, resources will be allocated efficiently if _____
a. preferences are single-peaked and individuals prefer outcomes closer to their preferred outcome rather than outcomes farther away b. rational ignorance and cyclical majorities are not present c. resources were already allocated efficiently in the private sector d. the median voter's demand is the same fraction of total demand as his tax share is of total taxes
Cost centers are
a. Evaluated on the profits they earn b. Not evaluated on the profits they earn c. Sometimes evaluated on the profits they earn and sometimes not d. None of the above
Which of the following statements is true of unemployment? a. Cyclical unemployment decreases during recessions and increases during expansions
b. Some unemployment exists even when the economy is healthy and growing. c. Unemployment and inflation are not related. d. People who are willing and able to work but have given up the search for a job are considered unemployed. e. Voluntary unemployment refers to a situation in which people who really do not want to work only pretend to look for jobs.