A politician, who wants to receive the maximum number of votes, spends 9 hours a week speaking to various groups. The table below shows his estimates of how time spent with each group will affect the number of votes he receives: 
Based on the information above, how many EXTRA votes will the politician receive if he devotes one more hour to speaking engagements (i.e., speaks 10 instead of 9 hours per week)?
A. 180
B. 200
C. 380
D. 150
E. none of the above
Answer: A
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A. aggregate demand; the monetary policy reaction function B. an output level consistent with the inflation rate; potential output C. the monetary policy reaction function; aggregate demand D. potential output; an output level consistent with the inflation rate
Human capital is
A. the investment people make in industries that make capital goods. B. the saving done by human beings. C. the knowledge and skills that people in the work force acquire through education and training. D. a measure of the labor productivity of workers.
In an aggregate expenditures diagram, a lump-sum tax (T) will:
A. not affect the C + I g + X n line. B. shift the C + I g + X n line upward by an amount equal to T. C. shift the C + I g + X n line downward by an amount equal to T. D. shift the C + I g + X n line downward by an amount equal to T × MPC.
Jake opens a pig farm in Idaho. To start his farm, he uses his entire $50,000 of savings from his savings account. The bank was paying him $2,500 interest on his saving. Explain why the $2,500 is one of Jake's costs
What will be an ideal response?