A macroeconomist would most likely study
A. the effect of increased union wages on the cost of producing automobiles.
B. the effects of an increase in wage rates on a woman's decision to enter the labor force.
C. the effects of a lower income tax rates on the nation's total production of goods and services.
D. the effects of changing grape prices on the market for oranges.
Answer: C
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The individual supply of a monopolist
a. coincides with the market demand curve. b. is below the market supply curve. c. is below the firm’s average revenue curve. d. coincides with the market supply curve.
Neutral policy with respect to choice architecture is:
A. not a clear concept across different choice scenarios. B. well established in all choice scenarios. C. the goal of all choice architects. D. generally regulated by state and federal government.
If velocity and output were nearly constant, then
a. the inflation rate would be much higher than the money supply growth rate. b. the inflation rate would be about the same as the money supply growth rate. c. the inflation rate would be much lower than the money supply growth rate. d. any of the above would be possible.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.