Economists generally conclude that because GDP rose as a result of the response to the 2005 Hurricanes, they were really a good thing
a. True b. False
B
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The wage premium in the United States for college graduates over high school graduates has remained constant from 1978 to 2000.
Answer the following statement true (T) or false (F)
The situation in which a person places greater value on a good as fewer and fewer people possess it is called the
A) Bandwagon Effect. B) Greater Value Effect. C) Snob Effect. D) Behavioral Effect.
Refer to Scenario 12.1. What is the profit maximizing price of a monopolist?
A) $400 B) $600 C) $800 D) $900 E) none of the above
According to the Keynesian view of macroeconomics, what should be the role of the government as far as economic policy?
Select one: a. The government should keep the growth rate of the money supply stable. b. The government should maintain a fixed interest rate. c. The government should try to raise the AS curve. d. The government should try to stabilize the AD curve.