Indifference curves are steeper on the right and flatter on the left
a. True
b. False
Indicate whether the statement is true or false
False
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Exports decrease by $500 billion, investment increases by $300 billion, and government expenditure increases by $200 billion. As a result, autonomous expenditures ________ , total expenditures ________ , and equilibrium real GDP ________
A) increases by $3500 billion; increases; increases by more than $300 billion B) decreases by $200 billion; decreases; decreases by more than $200 billion C) increases by $500 billion; increases; increases by more than $500 billion D) decreases by $300 billion; decreases; decreases by more than $300 billion E) is unchanged; is unchanged; is unchanged
A narrow bid-asked spread on a security can be expected if
A) price fluctuations are large. B) liquidity costs are high. C) transactions volume is large. D) the market is thin.
The most plausible way to produce a continuous increase in the standard of living within the Solow growth model is to assume
A) continuous technological improvement. B) a positive rate of population growth. C) a zero rate of depreciation. D) continuous increases in the national saving rate. E) continuous growth in the capital stock.
If the firms in an industry could take advantage of a reduced wage, how would one best describe the firms' demand for labor? The MRPL
A) schedule would remain unchanged, and the firms would hire more labor at the lower wage. B) schedule would shift to the left and the firms would move down the new schedule. C) schedule would shift to the right and the firms would move down the new schedule. D) none of the above