Refer to Figure 16.3. A shift from AS3 to AS2 could be caused by
A. A decrease in the money supply.
B. An increase in the marginal tax rate.
C. An increase in the investment in human capital.
D. A decrease in government spending.
Answer: B
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If autonomous planned spending increases by $1 million and s = 0.2 and t = 0.1, then equilibrium income increases by
A) $5 million. B) $3.33 million. C) $3.57 million. D) $2.90 million.
During the 2000-2009 decade,
a. the economic freedom rating of the United States fell, but the growth rate of real GDP was more rapid than in recent decades.
b. the economic freedom rating of the United States increased and the growth of real GDP was more rapid than that of recent decades.
c. the economic freedom rating of the United States fell and the growth of real GDP was less rapid than that of recent decades.
d. the economic freedom rating of the United States increased but the growth of real GDP was less rapid than that of recent decades.
Exhibit 1A-1 Straight line
In Exhibit 1A-1, the slope of straight line AB is:
A. positive. B. zero. C. negative. D. variable.
In the price fixing game, when both firms choose their dominant strategy, each firm will generally earn more profits than when both firms choose the alternative strategy.
Answer the following statement true (T) or false (F)