Any pro-growth policy that increases investment requires
a. an eventual increase in GDP
b. increased production of consumption goods
c. decreased production of capital goods
d. a sacrifice of current consumption spending
e. reduced government spending
D
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Growth in aggregate demand will
A) cause the short-run Phillips curve to shift to the left. B) increase unemployment. C) move the economy to a higher point on the short-run Phillips curve. D) cause deflation.
A profit-maximizing monopolist will continue expanding output as long as:
a. marginal revenue exceeds marginal cost. b. marginal revenue is positive. c. the cost of producing an additional unit exceeds the marginal revenue derived from the unit. d. economic profit is more than zero.
As compared to manual processing, electronic processing of cash transactions generally makes kiting:
A) impossible to accomplish. B) easier to accomplish. C) more difficult to accomplish. D) neither easier, nor more difficult to accomplish.
Refer to the information provided in Figure 33.5 below to answer the question(s) that follow.
Figure 33.5Refer to Figure 33.5. The domestic price of oil is $130 per barrel. This country imports 14 million barrels if the world price of oil is
A. $120. B. $125. C. $135. D. $140.