If the price of a 32 GB memory card decreases from $25 to $20, the percentage change is:
A. -20 %.
B. -33 %.
C. -50 %.
D. -60 %.
Answer: A
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If the public has rational expectations, an attempt to increase aggregate demand to stimulate the economy will: a. be less inflationary in the short run than if the public alters their expectations slowly in response to changes in government policy. b. be more effective if the public alters their expectations quickly in response to changes in government policy. c. be ineffective if the shift
in aggregate demand is predictable. d. all of the above.
Which of the following is most indicative of a recession?
a. a decline in unemployment b. a rise in inflation c. a decline in real GDP d. an increase in the interest rate
Which of the following best explains the political attractiveness of debt financing relative to taxation?
a. Debt financing pushes the visible cost of government into the future. b. Debt financing exposes the current costs of government programs; taxes do not. c. Debt financing reduces the attractiveness of special-interest spending. d. Taxes allow politicians to supply voters with immediate benefits without having to impose a visible cost.
Which of the following is NOT an example of a negative externality?
a. air pollution from a manufacturing plant. b. disrupted sleep from a neighbor's loud music. c. an illness caused by secondhand cigarette smoke. d. a decrease in your property value from neglecting your lawn and garden.