The value of the best alternative to any action you undertake is referred to as its:
a. Increasing cost
b. Production cost
c. Resource cost
d. Opportunity cost
d. Opportunity cost
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In the United States, the labor-force participation rate since 1960 has been
A) increasing for females. B) unchanged for both males and females. C) declining for females. D) declining for both males and females.
Which of the following would increase public saving?
A) an increase in transfers B) an increase in government purchases C) an increase in taxes D) All of the above would increase public saving.
Ceteris paribus, which of the following will occur if the Fed buys bonds through open-market operations?
A. The aggregate supply curve should shift leftward. B. The aggregate supply curve should shift rightward. C. The aggregate demand curve should shift leftward. D. The aggregate demand curve should shift rightward.
What happens when the price level falls?
A. Planned real spending on goods increases but planned real spending on services falls. B. Total planned real spending increases. C. Total planned real spending remains constant. D. Total planned real spending also falls.