Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3.
B. -3/4.
C. -1.5.
D. -20.
Answer: A
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One advantage of emissions permits is that they allow the government to choose the level of pollution reduction
a. True b. False Indicate whether the statement is true or false
Which of the following about fiscal policy is true?
a. The expansionary fiscal policy of the 1980s stimulated aggregate demand and led to high rates of inflation during the latter half of the decade. b. The restrictive fiscal policy of the 1990s led to sluggish economic growth during the decade. c. Even though fiscal policy was highly expansionary during the 1980s, the inflation rate fell and remained at relatively low levels. d. Even though fiscal policy was restrictive during the 1990s, the real growth rate of the economy was strong. e. Both c and d are true.
According to the quantity equation, the price level would change less than proportionately with a rise in the money supply if there were also
a. either a rise in output or a rise in velocity. b. either a rise in output or a fall in velocity. c. either a fall in output or a rise in velocity. d. either a fall in output or a fall in velocity.
Advertising plays a role in reducing the cross-price elasticity of demand.
Answer the following statement true (T) or false (F)