Cartel members have a collective interest in ____ industry output and a private interest in ____ their own output
a. increasing; increasing
b. increasing; decreasing
c. decreasing; increasing
d. decreasing; decreasing
c
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Suppose the marginal propensity to consume (MPC) is 0.8 and there is a $2,000 increase in autonomous consumption. Given this information, real GDP will increase by
A) $10,000. B) $2,500. C) $1,600. D) $2,000.
Which of the following will cause the Phillips curve to shift to the left?
A. Job search assistance. B. Increasing the marginal tax rate on excess profit. C. Increasing regulation in the economy. D. Attacks by terrorists.
Which of the following would not be included in job identification information in a job analysis?
A. Job title B. Department in which job is located C. Number of people who hold job D. Current pay level
When MC is falling, ATC and AVC
A. must be rising. B. must be falling. C. may be falling or rising. D. will remain constant.