Traditional Keynesians would argue that fluctuations in aggregate demand are closely tied to fluctuations in investment
a. True
b. False
Indicate whether the statement is true or false
True
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Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and a decrease in demand are represented by a movement from
A) point d to point a. B) point b to point d. C) point a to point c. D) point d to point b.
Which of the following is the best example of "depreciation"?
A) An individual worker becoming tired at the end of an eight-hour work day. B) The notion that individuals obtain less utility from paying taxes than giving to charities. C) A truck used by a pizzeria to make deliveries is worth less at the end of one year. D) A rise in prices depreciating the value of consumers' real incomes.
Who from among the following would be counted as unemployed?
A. A person who is willing to work but has not looked for a job in two months.
B. A person with a part-time job who wants and is looking for a full-time job.
C. A person who is willing to work and has looked for a job in the last week.
D. All of these people would be counted as unemployed.
Which of the following statements about a price-matching strategy is incorrect?
A. It may be applied in situations besides Bertrand oligopoly. B. It only guarantees to match prices that are advertised publicly. C. It requires that the firms can monitor their rival's prices. D. It reduces the incentive for a rival firm to initiate a price war.