If autonomous consumption decreases, which of the following would occur in the short run?
a. a decrease in GDP, a decrease in the price level, a decrease in money demand and a decrease in the interest rate.
b. an increase in GDP, an increase in the price level, an increase in money demand and an increase in the interest rate.
c. a decrease in GDP, an increase in the price level, an increase in money demand and an increase in the interest rate.
d. an increase in GDP, a decrease in the price level, a decrease in money demand and an increase in the interest rate.
e. a decrease in GDP, a decrease in the price level, an increase in money demand and an increase in the interest rate.
A
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In a country with a working-age population of 200 million, 140 million people are employed and 20 million are unemployed. The size of the labor force is
A) 200 million. B) 160 million. C) 140 million. D) 20 million. E) 120 million.
The Seattle Mariners baseball team has a monopoly on major league baseball in the Northwest. If the Mariners could be purchased by anyone with enough money, we could argue that this purchase is fair according to the
A) fair rules test. B) fair results test. C) fair price test. D) fair output test. E) allocative fairness test.
Why is it difficult for the market to deliver socially efficient quantities of goods like clean air or street lighting?
What will be an ideal response?
Refer to above Table 2-1. What is the level of Net Private Domestic Investment?
A) 420 B) 780 C) 380 D) 340