In the United States in 2012, the number of new, diagnosed diabetes cases was highest for people in the age range of ________, and the rate of new diabetes cases per 1,000 people was highest for people in the age range of ________
A) 65 and older; 20-44 B) 45-64; 45 - 64
C) 45-64; 65 and older D) 20-44; 45-64
B
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Assume that both the goods and the labor market are perfectly competitive. If at equilibrium, the wage rate is $20 per hour and the marginal product of labor is 4 units, the firm's marginal cost must be equal to:
A) $5. B) $24. C) $40. D) $80.
The tax multiplier is greater than the spending multiplier regardless of the value of the marginal propensity to consume (MPC)
a. True b. False Indicate whether the statement is true or false
The monopolistically competitive firm differs from monopoly in that its
a. demand curve is flatter. b. demand curve slopes downward. c. MR curve lies below its demand curve. d. profit is maximized where MR = MC.
Stagflation is the simultaneous occurrence of substantial unemployment and inflation.
Answer the following statement true (T) or false (F)