According to the U.S. Bureau of Labor Statistics, the term "employed" includes all full time workers and part-time workers
a. True
b. False
Indicate whether the statement is true or false
True
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Sarah consumes only strawberries and cream, and she is spending all of her income. Her marginal utility of her last dish of strawberries is 200 and her marginal utility of her last pint of cream is 200
The price of strawberries is $1.00 per dish and the price of cream is $2.00 per pint. To maximize her utility, Sarah should A) buy more strawberries and less cream. B) buy more cream and less strawberries. C) not change her purchases of strawberries and cream. D) definitely buy no cream at her consumer equilibrium.
The effect of a decrease in the price of personal computers, other things constant, is likely to be best represented by which of the following?
a. a leftward shift of the demand curve b. a movement leftward along the demand curve c. a rightward shift of the demand curve d. a movement rightward along the demand curve e. a rightward shift of the supply curve
Keynesians believe that budgetary restraint should be used to cool an overheated economy.
Answer the following statement true (T) or false (F)
The IS curve will not shift when which of the following occurs?
A) a reduction in government spending B) a reduction in the interest rate C) a reduction in consumer confidence D) all of the above E) none of the above