Average physical product measures the output per unit of input
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following policies would reduce the user cost of capital?
A) a reduction in the money supply B) a reduction in the personal income tax rate C) an increase in the corporate profit tax rate D) an increase in an investment tax credit
Suppose that Jones builds a new house, then she sells it to Smith, and then Smith sells it to Williams. The total net investment from these transactions is:
A. zero. B. 1 house. C. 2 houses. D. 3 houses.
Refer to the information provided in Table 24.5 below to answer the question(s) that follow.Table 24.5All Numbers are in $ Million
Refer to Table 24.5. Suppose the economy is in equilibrium and the government increases spending by $50 million, the new equilibrium output is $________ million
A. 1,350 B. 1,450 C. 1,650 D. 1,750
Keynes referred to the emotions that shift supply and demand as ________.
A. preferences B. austerity measures C. animal spirits D. speculative bubbles