You will still be able to listen to NPR (National Public Radio) whether or not you contribute to their fund-raising campaign, so you decide not to contribute. This is an example of the
A. drop-in-the-bucket problem.
B. private good problem.
C. free-rider problem.
D. rival in consumption problem.
Answer: C
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Refer to Scenario 10-1. Based on the information above, what is the level of public saving?
A) $0 B) $1 trillion C) $2 trillion D) negative $1 trillion (a deficit of $1 trillion)
A striking conclusion of the Solow model is that in the absence of productivity growth, in the long run
A) the economy reaches a steady state. B) consumption per worker equals the capital stock per worker. C) consumption per worker equals output per worker. D) consumption per worker equals investment per worker.
Which of the following would cause the IS curve to shift?
A) a change in the multiplier B) a change in business or consumer confidence C) an increase in autonomous tax revenue D) All of these would shift the IS curve.
In the Keynesian model, money demand is positively related to
A) income. B) interest rates. C) saving. D) aggregate supply.