An increase in unemployment insurance payments would, in effect, ________ the amount of time spent searching for a job, which would increase ________ unemployment
A) decrease; frictional B) increase; frictional C) increase; cyclical D) decrease; cyclical
B
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How does an increase in the price of laptop memory chips affect the market of laptops?
a. The demand curve for laptops shifts to the right b. The demand curve for laptops shifts to the left c. The supply curve for laptops shifts to the right d. The supply curve for laptops shifts to the left
If real GDP grew by 5 percent during one year and population also grew by 5 percent, then
a. real GDP did not change. b. nominal GDP did not change. c. the change in real GDP equaled the change in nominal GDP. d. real GDP per capital did not change.
Suppose you purchase shares in Acme Gadget Company for $10 per share. The company believes there is a 20 percent chance it will fail to earn a discounted future profit of $1.85. What is the expected rate of return on your investment?
A. 18.5 percent. B. 20.0 percent. C. 13.5 percent. D. 14.8 percent.
Figure 5-4
In Figure 5-4, the rightward shift in budget lines from the one containing point A to the one containing point B
a.
resulted from equal price reductions in beer and wine.
b.
resulted from an increase in the consumer's income.
c.
could have been caused by income or price changes.
d.
All of the answers above are correct possibilities.
e.
None of the above is correct.