The market demand curve for labor
A. slopes upward.
B. is horizontal at the going wage rate.
C. slopes downward.
D. is vertical at the existing supply of labor.
Answer: C
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Suppose the currency drain ratio is 33.33 percent and the desired reserve ratio is 10 percent. The money multiplier equals
A) 3.00. B) 3.08. C) 2.50. D) 6.67. E) 4.27.
Which of the following sets of categories correctly describes the categories of nonconsumption injections?
A) foreign imports, private domestic investment, government transfer payments B) capital consumption allowances, government transfer payments, net exports C) net exports, inventory accumulation, government transfer payments D) government purchases of goods and services, net exports, private domestic investment
Public goods differ from private goods in that
a. they produce negative externalities b. they are not scarce c. the benefits they generate cannot be denied to anyone d. their consumption must be regulated by the government e. their benefits are restricted to the one individual consuming the good
The income left in the economy after paying for all consumption spending by households and government spending is called _____
a. disposable income b. household saving c. national saving d. national income