Recall the Application about price controls on candy bars during World War II to answer the following question(s).Recall the Application. In a comparison of weights of candy bars in 1943 and 1939, a Consumer Reports study stated that the change in size of candy bars is an example of:
A. "hidden price increases."
B. "an illegal price ceiling."
C. "deadweight loss."
D. "negative producer surplus."
Answer: A
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A decrease in demand is represented by
a. a shift outward of the entire demand curve. b. a shift inward of the entire demand curve. c. a movement along the demand curve in a southeasterly direction. d. a movement along the demand curve in a northwesterly direction.
Which of the following is not held constant along a demand curve for labor by a firm?
A. The firm’s technology of production B. The price of the firm’s output C. The marginal product of labor for the firm D. The price of substitutes for the firm’s output
When stock prices are falling, financing capital expenditures with stock sales is ______.
a. less expensive b. more expensive c. illegal d. most efficient
Assume that the MPC is 0.75, and investment spending rises by $25 billion. How much will real GDP change?
A. $25 billion B. $75 billion C. $100 billion D. $175 billion