The labor force equals the number of people
A) employed.
B) unemployed.
C) employed plus unemployed.
D) in the working-age population.
Answer: C
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If the MPC equals 0.75, a $100 billion transfer payment decrease will decrease consumption in the first round by
A. $400 billion. B. $75 billion. C. $100 billion. D. $25 billion.
Suppose there is an increase in the U.S. interest rate relative to European interest rates. How does this affect U.S. investors?
a. U.S. investors decrease their demand for euros relative to their demand for dollars, shifting D1 to D2.
b. U.S. investors shift their investments to Europe, shifting the demand curve from D1 to D2.
c. U.S. investors shift their investments to Europe, shifting the demand curve from D2 to D1.
d. U.S. investors increase their demand for euros relative to their demand for dollars, shifting D2 to D1.
The first-order conditions for profit maximization in a perfectly competitive market are:
A. (dR(Q)/dQ) ? (d2C(Q)/dQ2) < 0. B. P > (dC(Q)/dQ). C. P ? (dC(Q)/dQ) = 0. D. P ? (d2C(Q)/dQ2) = 0.
The precautionary demand for money is when people hold money
A. as a medium of exchange. B. to meet unplanned expenditures. C. for the interest it yields. D. as a store of value.