If consumption spending increases because people feel more confident about the future,
A) aggregate demand will shift to the left.
B) aggregate demand will shift to the right.
C) aggregate supply will shift to the left.
D) aggregate supply will shift to the right.
B
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Compared to a country with an MPS of 0.167, a country with an MPS of 0.5 would have to change government expenditures by ________ as much to have the same impact on real GDP.
A. twice B. three times C. four times D. five times
Each point along an indifference curve represents the same level of total utility for a consumer
a. True b. False Indicate whether the statement is true or false
Elasticity of investment measures the responsiveness of
A) interest rates to changes in investment. B) investment to changes in government spending. C) investment to changes in the interest rate. D) investment to changes in consumption.
Using the above table, the marginal product of the 4th worker is
A. 14. B. 12. C. 15. D. 13.