Equilibrium price is
A. $10.
B. $8.
C. $6.
D. $4.
C. $6.
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The Solow residual is
A) the waste from the production process. B) the most common measure of productivity shocks. C) a measure of the efficiency of the production process. D) a measure of the proportion of involuntarily unemployed workers.
Food stamps and Medicaid are in-kind transfer programs
a. True b. False Indicate whether the statement is true or false
Higher than expected inflation rate: a. shifts short-run Phillips curve to the right
b. shifts long-run Phillips curve to the right. c. shifts both short-run and long-run Phillips curve to the right. d. shifts short-run Phillips curve to the left.
Suppose that you want to build a community garden for your neighborhood, which has 500 residents. The cost of the garden is $2,000 . and each person values the garden at $3 . After a month, you have only received 75 donations at $3 each. The result is that
a. the local government should build the garden, but you should not. b. you should still build the garden, but the local government should not. c. neither you nor the local government should build the garden. d. either you or the local government should build the garden.