Refer to the information provided in Figure 13.1 below to answer the question that follows.
Figure 13.1Refer to Figure 13.1. The demand curve for insulin is most likely represented by
A. Panel A.
B. Panel B.
C. Panel C.
D. Panel D.
Answer: C
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Use the following graphs to answer the next question.
In the graphs, the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the level of investment spending associated with each curve, respectively. All numbers are in billions of dollars. The interest rate and the level of investment spending in the economy are at point C on the investment demand curve. To achieve the long-run goal of a noninflationary, full-employment output of Qf in the economy, the Fed should try to ________.
A. decrease aggregate demand by increasing the interest rate B. increase aggregate demand by increasing the interest rate C. make no change in the interest rate D. increase aggregate demand by decreasing the interest rate
The Uruguay round of GATT (1993 ) talks
A) reduced trade barriers and tariffs. B) increased trade barriers and tariffs. C) lowered some trade barriers but increased tariffs. D) left tariffs and trade barriers unchanged.
When economists speak of changes in GDP measured in constant dollars, they mean that
a. money GDP is constant. b. the price level is constant. c. a price index has been used to adjust money GDP for the effects of inflation. d. the growth rate of money GDP has been adjusted for changes in population.
A discouraged worker is one who
A. is unhappy with his job. B. quits his job to attend college. C. leaves the labor force after an unsuccessful job search. D. None of the choices are true of a discouraged worker.