Refer to the above figure. At a price of four cents, the quantity of bubble gum supplied will be
A) 3.
B) 2.
C) 4.
D) 5.
C
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Solow's growth model improved upon the Harrod-Domar results by
a. incorporating technological change into the model b. making a economic growth a reasonable outcome rather than one dictated by specialcircumstances c. assuming that GDP would fluctuate, rather than grow steadily d. removing investment from the model e. none of the above
Corporations produce most of the output in the United States
a. True b. False Indicate whether the statement is true or false
Which of the following will not change the demand for office visits to the physician?
a. Television advertising by drug manufacturers to promote a new over-the-counter influenza treatment b. A sudden illness c. Unusually cold and damp weather during the winter d. Layoffs at the local plant, causing a decrease in the number of people with health insurance in the community e. A change in the price of an office visit
Refer to the above figure. Suppose the economy is at C. If the government tried to reduce the unemployment rate to 3 percent, the new long-run outcome will be at point
A. D. B. H. C. A. D. C.