In the above figure, the amount of tax revenue is
A) $2,000.
B) $4,000.
C) $6,000.
D) $8,000.
B
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The impact of monetary policy on the exchange rate is emphasized by
A) supply-side economists. B) Monetarists. C) Keynesians. D) rational expectations theorists.
If the price of bread were zero, a budget line between bread (on the vertical axis) and cheese (on the horizontal axis) would
a. not exist b. be vertical c. coincide with the vertical axis d. be horizontal e. coincide with the horizontal axis
Union membership will be more attractive from the worker's viewpoint if
a. the demand for the union labor is highly inelastic. b. the supply of union labor is highly elastic. c. only a few of the firms in the industry are unionized. d. the membership dues charged by the union are extremely high.
In the Keynesian range, the:
a. Aggregate supply curve is vertical. b. Aggregate supply curve is horizontal. c. Aggregate demand curve is vertical. d. Aggregate demand curve is horizontal. e. Aggregate demand is downward-sloping.