A) I = Y + C + G.
B) I = Y - C - G.
C) I = Y - C + G.
D) I = Y + C - G.
A) This contract is efficient.
B) This contract maximizes joint profit.
C) Al will not participate in this contract.
D) This is a fixed-fee contract.
C
If the demand for recycled plastic is specified as QD = 100 – 2.5P, the slope of demand,as conventionally graphed, is
a. –2.5 b. –0.4 c. +100 d. none of the above
As we move down a straight-line demand curve, the price elasticity becomes
A. larger. B. smaller. C. larger and then smaller. D. smaller and then larger.
To eliminate a recessionary gap, the expenditure schedule should be
a. shifted downward. b. shifted upward. c. made steeper. d. made flatter.
In a closed economy,