The demand schedule for a good:
a. indicates the quantity that people will buy at the prevailing price
b. indicates the quantities that suppliers will sell at various market prices.
c. indicates the quantities that will be purchased at alternative market prices.
d. is determined primarily by the cost of producing the good.
c
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How is recession defined by the National Bureau of Economic Research [NBER]?
a. Two consecutive quarters of declining GDP b. A significant decline in total output, income, employment, and trade for six months to one year c. A dramatic decline in unemployment for less than six months d. A sharp increase in money supply and the market rate of interest e. A significant decline in stock prices over three consecutive quarters of a business year
Today, the world is not just experiencing more change or more rapid change, but qualitatively new conditions, particularly a dramatic loss in the ability of states to
a. protect their borders. b. maintain democratic governments. c. control economies. d. wage war.
The formula to compute the spending multiplier is:
A. 1 / (MPC + MPS). B. 1 / (1 ? MPC). C. 1 / (1 ? MPS). D. 1 / (C + I).
An increase in income in the United States would have what effect on the equilibrium exchange rate and equilibrium quantity of Canadian dollars in the foreign exchange market?
a. decrease in the exchange rate and decrease in the quantity b. decrease in the exchange rate and no effect on the quantity c. increase in the exchange rate and decrease in the quantity d. no change in the exchange rate and increase in the quantity e. increase in the exchange rate and increase in the quantity