Why don't we see firms tie in the sales of fish filets with the sales of pencils?
A) because the demands for these two goods are positively correlated
B) because the demands for these two goods are negatively correlated
C) because the demands for these two goods are independent
D) It violates the Clean Food Act of 1908.
C
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During World War II (1941–45), Golden (1990) argues, the opportunity cost of women staying at home
(a) decreased. (b) stayed the same. (c) increased. (d) cannot be measured.
All else equal, what happens to consumer surplus if the price of a good decreases?
a. Consumer surplus increases. b. Consumer surplus decreases. c. Consumer surplus is unchanged. d. Consumer surplus may increase, decrease, or remain unchanged.
Suppose that a $30 billion increase in government spending increases Real GDP by $150 billion, and that a $10 billion tax reduction increases Real GDP by $40 billion. In this situation, the tax multiplier is _______________ the government spending multiplier
A) less than B) greater than C) equal to D) none of the above
Refer to the figure below where the nominal interest rate equals 6% and the money supply equals 600. If the Federal Reserve wants to set the nominal interest rate at 10%, it must conduct open market ________ to set the money supply at ________.
A. sales; 200 B. sales; 800 C. purchases; 800 D. purchases; 200