A decrease in dividend payments will
A. lead to a decrease in labor supply.
B. lead to an increase in labor supply.
C. have no effect on labor supply.
D. either lead to an increase or decrease in labor supply depending on the relative magnitude of the income and substitution effects.
Answer: B
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If we were at point ____ it would be possible to produce more heart transplants and more round-the-world trips.
If aggregate planned expenditure is greater than real GDP,
A) a planned decrease in inventories leads to a decrease in production. B) a planned increase in inventories leads to an increase in production. C) an unplanned decrease in inventories leads to an increase in production. D) an unplanned decrease in inventories leads to an increase in the price level. E) an unplanned increase in inventories leads to a decrease in production.
The marginal cost to a student of missing a class meeting in Introductory Economics increases when
A) textbook prices increase. B) tuition rates increase. C) valuable information is communicated in the class meetings. D) any of the above occurs.
To determine real GDP, divide nominal GDP by the
a. current values of goods and services. b. final goods and services. c. GDP deflator. d. value of GDP.