Refer to the table below. The marginal cost of the 4th unit of activity is:Units ofActivity TotalCostTotalBenefit0$0$01$2$122$6$223$12$304$20$365$30$406$42$427$56$43
A. $10
B. $8
C. $6
D. $5
Answer: B
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Suppose that households became mistrustful of the banking system and decide to decrease their checking account balances and increase their holdings of currency
Using the money demand and money supply model and assuming everything else is held constant, the equilibrium interest rate should A) decrease. B) increase. C) not change. D) increase, then decrease.
The lower the cost of funds, the greater the amount of loanable funds demanded.
Answer the following statement true (T) or false (F)
Gross debt differs from public debt because gross debt ______.
a. includes U.S. Treasury securities purchased by U.S. federal agencies b. excludes U.S. Treasury securities purchased by U.S. federal agencies c. includes debt held by foreign countries and private individuals d. excludes debt held by foreign countries and private individuals
Which aggregate expenditure schedule AE in the diagram for a private closed economy implies the largest MPC, assuming investment is the same at each level of income?
A. AE 4 .
B. AE 3 .
C. AE 2 .
D. AE 1 .