Refer to Table 1-4. Using marginal analysis, how many hours should Eva extend her bakery's hours of operations?
A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours
C
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Why is the supply of loanable funds often interest inelastic?
Which of the following is an exogenous variable in the Three-Sector-Model?
a. Real Domestic GDP b. GDP price index c. Quantity of currency per time period d. Open market operations e. All of the above are exogenous
A shock increases the costs of production. Given the effects of this shock, if the central bank wants to return the unemployment rate towards its previous level it would
a. increase the rate at which the money supply increases. This will also move inflation closer to its previous rate.. b. increase the rate at which the money supply increases. However, this will make inflation higher than its previous rate c. decrease the rate at which the money supply increases. This will also move inflation closer to its original rate d. decrease the rate at which the money supply increases. However, this will make higher than its previous rate.
Which of the following is true?
A. If income increases, a consumer will always consume more of a good. B. At a point of consumer equilibrium, the MRS always equals 1. C. Indifference curves may intersect. D. None of the statements is correct.