Figure 10-9
The output of the economy depicted in is
a.
equal to the full-employment output level.
b.
less than the full-employment output level.
c.
greater than the full-employment output level.
d.
sustainable in the long run.
c
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Which of the following is not a depository institution?
A) a savings & loan association B) a mutual savings bank C) an investment bank D) a credit union
A recessionary gap exists when the equilibrium level of GDP
a. falls short of potential GDP. b. equals potential GDP. c. exceeds potential GDP. d. causes inventory levels to fall.
In a two-sided market with network effects, the platform will likely
A. charge a higher price for end users that are more affected by a positive market feedback. B. randomly charge end users. C. charge a lower price for end users that are more affected by a positive market feedback. D. charge a zero price for all end users regardless of the market feedback effects.
If a consumer's budget line for food (F) and shelter (S) is represented as F = 250 - 5S, we know that
A) the consumer's income is 250. B) the price of shelter is 5. C) the price of shelter is 5 times the price of food. D) All of the above.