Who among the following is exercising their right to pollute?
A) The group of campers burning a fire in a designated fire pit at a state forest campsite
B) The Sunday morning churchgoer whose auto emits carcinogens from its exhaust pipe
C) The publicly-owned and federally-regulated coal-fired electric utility
D) All of the above.
E) None of the above.
D
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The organization responsible for determining the start- and end-dates of a recession is
A) the National Bureau of Economic Research. B) the Bureau of Economic Analysis. C) the Federal Reserve. D) the U.S. Department of Labor.
If an increase in autonomous consumption spending of $10 million results in a $50 million increase in equilibrium real GDP, then
A) the MPC is 0.5. B) the MPC is 0.75. C) the MPC is 0.8. D) the MPC is 0.9.
If technological developments increase the marginal product of labor, then the:
A. demand for labor will decrease. B. demand for labor will increase. C. supply of labor will increase. D. the equilibrium wage rate will decrease.
If the economy was operating at point O (where the two axes come together), we would have an unemployment rate of ______ percent.
A. 5
B. 50
C. 95
D. 100