Which of the following would shift the FE line to the left?
A) A beneficial supply shock
B) A decrease in labor supply
C) An increase in consumer spending
D) An increase in the money supply
B
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Which of the following represents a double coincidence of wants?
A) Smith has what Jones has and neither wants what the other has. B) Smith has what Jones wants but Jones doesn't have what Smith wants. C) Smith has what Jones wants and Jones has what Smith wants. D) Smith wants what Jones has, Jones wants what Brown has, and Brown wants what Smith has. E) none of the above
In 2013, interest payments were about ____ percent of national income
a. 0.51/2 b. 1.29 c. 3.2 d. 4.0
Given the following data, what is the distance from the origin to the point where the total expenditures (TE) curve cuts the vertical axis? ? C = $4,200 + 0.90Yd I = $1,820 G = $970
a. $2,790 b. $4,290 c. $6,990 d. $5,170 e. $390
Which of the following is an example of a transfer payment?
a. wages paid to military personnel
b. benefits paid to Social Security recipients
c. purchase of aircraft by the Department of Defense
d. payments made to a contractor for construction of a highway