Between 1980 and 2008 recycling in the United States has
a. decreased by less than 2%.
b. increased by less than 2%.
c. doubled.
d. tripled.
d
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Cost-plus pricing is a reasonable way to determine the optimal price when
A) fixed costs are high. B) marginal cost and average cost are roughly equal. C) fixed costs vary. D) fixed cost and variable costs are roughly equal.
Everything else held constant, if aggregate output is to the ________ of the LM curve, then there is an excess demand of money which will cause the interest rate to ________
A) right; fall B) right; rise C) left; fall D) left; rise
If the number of stages between input production and final product production increases then:
a. GDP and GNP both rise. b. GDP and GNP both fall. c. GDP and GNP both remain unchanged. d. GDP rises and GNP falls. e. GDP falls and GNP rises.
When contractionary monetary policy increases the interest rate, it causes the price level to:
A. decrease, and output to increase. B. rise, and output to decrease. C. rise, and output to increase. D. decrease, and output to decrease.