If the Fed sells bonds, we should expect to see the money supply
a. decrease, the interest rate increase, autonomous consumption decrease, business investment decrease, and real GDP decrease
b. increase, the interest rate decrease, autonomous consumption decrease, business investment decrease, and real GDP decrease
c. increase, the interest rate decrease, autonomous consumption increase, business investment increase, and real GDP increase
d. decrease, the interest rate decrease, autonomous consumption increase, business investment increase, and real GDP decrease
e. decrease, the interest rate increase, autonomous consumption increase, business investment increase, and real GDP increase
A
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The (age) dependency ratio is the
a. ratio of children to the total population b. ratio of people not of working age to the total population c. ratio of infants to the total population d. ratio of the elderly to the total population e. none of the above
In the new classical view, an anticipated decrease in government spending would be expected to
a. lower output and the price level. b. lower output but leave the price level unchanged. c. leave output unchanged and raise the price level. d. leave output unchanged and lower the price level. e. leave both output and the price level unchanged.
To classical economists, it is always true that
a. there is zero unemployment. b. actual output is always equal to potential output. c. excess demand for goods is possible unless prices are forced to fall. d. the marginal product of labor exceeds the real wage.
What is the marginal revenue of producing the third unit?No. units producedTotal RevenueTotal Costs0001100502180110325018042902705310380
A. 0 B. 70 C. 90 D. 250