Refer to Figure 14.2. A movement from point a to point d could be caused by a simultaneous ________ and ________.
A. increase in government spending; decrease in the price of oil
B. increase in taxes; increase in the price of oil
C. decrease in taxes; massive crop failure
D. decrease in the money supply; decrease in government spending
Answer: A
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Endogenous growth theory supports the conclusion that ________
A) government spending cannot influence the level of research and development B) increased government spending on research and development is counterproductive C) per capita income growth is a function of real factors, such as the supply of money D) increased government spending on research and development is useful
An increase in the expected future price level: a. Shifts both SRAS and LRAS to the left
b. Shifts both SRAS and LRAS to the right. c. Shifts SRAS left but leaves LRAS unchanged. d. Shifts SRAS right but leaves LRAS unchanged.
One reason why better-looking workers may have higher earnings is that physical attractiveness may enhance a worker's productivity for certain jobs, especially for those workers who deal with the public
a. True b. False Indicate whether the statement is true or false
The exchange rate between yen and dollars at one point in 2010 was 83 yen per dollar. If a Big Mac, fries, and a Coke cost $3.91 in San Francisco, how much should the same order cost in yen in Osaka?
A. 0.03 B. 325 C. 392 D. 422