Figure 10-7
?
?
Which of the diagrams in Figure 10-7 shows an economic expansion caused primarily by a change in aggregate demand?
A. (A)
B. (B)
C. (C)
D. (D)
Answer: C
You might also like to view...
The table above shows the marginal costs and marginal benefits of college education. The marginal private cost of college education at the efficient quantity of enrollment is
A) $8,000 per year. B) $12,000 per year. C) $14,000 per year. D) $16,000 per year.
What is a "structural" relationship?
A) a relationship that depends on the basic behavior of consumers and firms and remains unchanged over long periods B) any relationship that cannot be anticipated C) a relationship that depends on the size of firm investments in capital such as buildings and other structures D) a relationship between any two variables that is temporary
What is typically the main cost of pursuing a college education?
A) tuition B) room and board C) books and supplies D) income forgone by not working
Since World War II, the consumer price index has increased by an average of _____
a. 1.4 percent per year b. 2.1 percent per year c. 6.4 percent per year d. 5.6 percent per year e. 3.5 percent per year