Which of the following would cause an increase in aggregate demand in the short run?
A) an increase in taxes B) an increase in the supply of money
C) a decrease in the price level D) a crop failure
B
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Which of the following suggests that the “laws” of supply and demand are being disobeyed?
A. Outside forces disturbing an equilibrium B. Persistent shortages or surpluses C. The market never moving from an equilibrium D. “Other things” not always being equal
Whenever a firm's marginal costs are less than its average costs, its average costs must be:
a. falling. b. rising. c. constant. d. falling, then rising.
Sticky wages:
A. slow economic recoveries but decrease the costs that unemployed workers bear. B. speed economic recoveries but increase the costs that unemployed workers bear. C. slow economic recoveries and increase the costs that unemployed workers bear. D. speed economic recoveries and decrease the costs that unemployed workers bear.
The following national income data are in billions of dollars
Refer to the above data. National income in this economy is:
A.
$804 billion
B.
$940 billion
C.
$975 billion
D.
$1,019 billion