Figure 33-1
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Which of the following is true about the economy depicted in Figure 33-1?
A. Tax incentives are being used to stimulate aggregate supply.
B. Policymakers believe the costs of unemployment are higher than the costs of inflation.
C. Contractionary monetary policy is being enacted to fight inflation.
D. Prices are rising but real GDP is falling.
Answer: B
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Refer to the table above. What is the marginal benefit that Jenny derives from the fifth unit?
A) $0 B) $1 C) $6 D) $30
As economists use the term, capital means
a. such things as machinery and equipment. b. such things as money and credit. c. the profits that come from hiring and using labor and natural resources. d. All of these.
The other checkable deposits component of the M1 measure reported by the Federal Reserve includes
A) negotiable time deposits. B) money market mutual fund shares. C) automatic transfer from savings accounts. D) money market deposit accounts.
Poor and developing countries are ranked on the top of the list of globalized countries by the KOF Swiss Economic Institute
a. True b. False Indicate whether the statement is true or false