Everything else held constant, if aggregate output is to the ________ of the IS curve, then there is an excess demand of goods which will cause aggregate output to ________
A) right; fall
B) right; rise
C) left; fall
D) left; rise
D
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Stock prices tend to ________ when the Federal Reserve raises interest rates because higher interest rates ________ dividends.
A. fall; reduce B. rise; reduce C. fall; increase D. rise; increase
How has the widespread availability of news on the web, which decreased the demand for newspaper workers, affected the wages of the works?
A. Wages decreased. B. Wages stayed the same. C. Wages increased. D. Wages are not affected by this.
The total cost (TC) of producing computer software diskettes (Q) is given as: TC = 200 + 5Q. What is the fixed cost?
A) 200 B) 5Q C) 5 D) 5 + (200/Q) E) none of the above
If a country finds that its Lorenz curve is moving further away from the diagonal, this means its income is becoming more unevenly distributed over time
a. True b. False Indicate whether the statement is true or false