If the APC is .6, we consume
A. 4 percent of our income.
B. 6 percent of our income.
C. 40 percent of our income.
D. 60 percent of our income.
D. 60 percent of our income.
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Refer to Scenario 12.2. If each player plays an ideal mixed strategy, then neither Jerome nor Eliza will donate a kidney about ________ of the time
A) 6.25% B) 12.5% C) 37.5% D) 56.25%
The primary tool used to change the US money supply and interest rates is open market operations
a. true b. false
Which of the following explains why higher prices in the goods and services market measured by the CPI leads to an upward-sloping aggregate supply curve??
A. ?The higher prices will temporarily improve profit margins because the cost of wages and salaries are fixed in the short run. B. ?The higher prices will reduce the purchasing power of the fixed quantity of money and, thereby, stimulate additional output. C. ?The higher prices will expand the economy's resource base and, thereby, stimulate additional output. D. ?The higher prices will improve technology and, thereby, stimulate additional output.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30