Figure 5-5 shows a consumer budget line for French fries and hamburgers. The household allocates a budget for these two goods. If the price of an order of french fries is $2, how much income is allocated to fries and burgers combined?
A. $2
B. $4
C. $10
D. $20
Answer: C
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The Boy Scouts have so far sold 100 tickets for their upcoming raffle, but they sell an additional 12 tickets every day. The ________ is a stock variable, and the ________ is a flow variable.
A. number of tickets sold each day; total number of tickets available B. total number of tickets sold by the time of the raffle; number of tickets sold each day C. number of tickets sold each day; number of tickets sold so far D. number of tickets sold so far; total number of tickets sold by the time of the raffle
An increase in the supply of labor generates
A) increased unemployment. B) lower wages. C) an offsetting increase in the demand for labor. D) a decrease in the quantity demanded of labor.
An implication of the Employment Act of 1946 is that the government should respond to changes in the private economy to stabilize aggregate demand
a. True b. False Indicate whether the statement is true or false
The main problem we had during the Great Depression, said John Maynard Keynes, was inadequate ________.
Fill in the blank(s) with the appropriate word(s).