Refer to the table, in which the values for columns (2) through (5) are in acres. If the relevant columns are (1), (2), and (4), land rent will be:
A. $100 per acre.
B. $200 per acre.
C. $300 per acre.
D. $400 per acre.
A. $100 per acre.
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________,
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Recessions in South Korea and Indonesia will cause
a. an upward movement along the United States's AD curve b. a downward movement along the United States's AD curve c. the United States's AS curve to shift to the right d. the United States's AD curve to shift to the left e. the United States's AD curve to shift to the right
In this chart, how are the coffee roaster and the coffee shipper similar?
a. They both are involved in packing.
b. They both are wholesalers.
c. They both have a product value of $2.00.
d. They both add value of $.75.
What determines the size of a shift in aggregate demand that results from a personal income tax cut?
A. The marginal propensity to consume B. The size and permanence of the tax cut C. The level of consumer confidence D. All of these statements affect the size of such a shift.