A government's debt is reduced when it
A. runs a surplus.
B. sells more bonds.
C. balances is budget.
D. runs a deficit.
Answer: A
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The demand curve for labor shows how many hours workers demand to work
Indicate whether the statement is true or false
According to the monetarists,
A. the supply of money changes in response to changes in the levels of real output and prices. B. changes in the velocity of money are more important than changes in the money supply in causing the level of economic activity to change. C. an expansionary fiscal policy will lower interest rates and thereby tend to over stimulate the economy. D. changes in the money supply temporarily cause changes in real output and price level but in the long run only prices change.
The Keynesian and classical aggregate supply analyses
A. are completely different. B. have some similarities. C. are very similar.
A firm is producing output less than the output associated with the minimum point on the firm's short run average variable cost curve. At this level of output the firm uses its fixed capital input ________ and its variable labor input ________.
A. efficiently; efficiently B. inefficiently; inefficiently C. efficiently; inefficiently D. inefficiently; efficiently