The arithmetic value of (1 - MPC) equals
A. NDP.
B. MPS.
C. APS.
D. APC.
Answer: B
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A technological improvement can cause the production possibilities curve to shift outward because
A) it increases costs and contributes to lower production rates. B) maximum feasible outputs of both goods increase. C) production will fall, but jobs will be saved. D) it causes increases in unemployment.
Although monetary policy cannot reduce the natural rate of unemployment, other types of government policies can
a. True b. False Indicate whether the statement is true or false
If the money multiplier is 3 and the Fed buys $50,000 worth of bonds, what happens to the money supply?
a. it increases by $100,000 b. it increases by $150,000 c. it decreases by $100,000 d. it decreases by $200,000
If a firm's marginal cost is greater than its average total cost, its average total cost is
A. increasing. B. decreasing. C. not U-shaped. D. constant.