Refer to the information provided in Figure 28.4 below to answer the question(s) that follow.
Figure 28.4Refer to Figure 28.4. If the demand for labor ________ and wages are sticky on the downward side, there will be unemployment of 150 million.
A. remains at D'
B. rises from D' to D
C. falls from D
D. falls from D to D'
Answer: D
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If consumption is $750 when real disposable income is $1,000, the average propensity to consume is
A) 0.50. B) 0.25. C) 0.80. D) 0.75.
Compare the consumer surplus in a perfect competition with that of a single-price monopoly and with a price-discriminating monopoly
What will be an ideal response?
If the Federal Reserve wishes to increase the money supply by $30,000 and the reserve requirement ratio is 0.4, how big a purchase of bonds will the Fed need to make?
a. $75,000 b. $12,000 c. $1,000 d. $30,000 e. $3,000
Specialization occurs when workers are assigned particular work based on their gender
a. True b. False Indicate whether the statement is true or false