A goal of very high employment may lead to ________
A) inflationary monetary policy
B) inflationary fiscal policy
C) demand-pull inflation
D) all of the above
E) none of the above
D
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The value of the multiplier is likely to fall if there is a decrease in
A. total spending. B. income. C. the marginal propensity to consume. D. consumption.
Sally recently got a 15 percent raise. She now purchases 7.5 percent more steak dinners. Sally's income elasticity for steak dinners is:
a. 0.5. b. 0.75. c. 1.5. d. 2.0.
The market process ensures that, when all transactions are voluntary, resources get allocated to the use where they are valued the most
a. True b. False Indicate whether the statement is true or false
Firm A, a small ancillary firm, needs funds to purchase new machinery for its factory. The best way the firm can raise funds is: a. by taking credit from a credit union. b. by issuing stocks
c. by issuing bonds. d. by taking out a bank loan.