A major diversion that is not of the income flow to the private sector is
A. Investment.
B. Wages.
C. Indirect business taxes.
D. None of the choices are correct.
Answer: C
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In Figure 4-10 above, if the Fed's goal is to hold income constant, contractionary fiscal policy combined with the Fed's response takes us from points
A) B to D. B) D to B. C) A to C. D) C to A.
When drawn against the real interest rate, the optimal investment schedule shifts to the right if the
A) current capital stock K increases. B) current capital stock K decreases. C) future capital stock K' increases. D) future capital stock K' increases.
If a price taker in a competitive market is going to maximize profits, he must
a. increase the price of his product. b. minimize his fixed costs of production. c. minimize the per-unit cost of producing the good. d. use the highest valued set of resources to produce his product.
The price of Y is $10.According to the above figure, if the price of X is $5, what combination of X and Y will a utility-maximizing consumer choose?
A. 120X, 250Y B. 200X, 620Y C. 80X, 20Y D. 120X, 620Y E. none of the above