The simultaneous occurrence of high inflation and high unemployment is called
A) reverberation.
B) disinflation.
C) stagflation.
D) "fooling."
C
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Autonomous spending rises by $10 billion and Real GDP rises by $50 billion. What does the marginal propensity to save equal?
A) 0.10 B) 0.20 C) 0.80 D) 0.90 E) 0.50
In 2016, GDP was exactly equal to final sales. This implies that
A. there was a decline in inventories that year. B. GDP did not grow that year compared to the year before. C. there was accumulation of inventories that year. D. there was no change in inventories that year.
Refer to the graph, in which Dt is the transactions demand for money, Dm is the total demand for money, and Sm is the supply of money. The market is initially in equilibrium at a 6 percent rate of interest. If the supply of money increases as shown, then the asset demand for money will increase by:
A. $75
B. $125
C. $200
D. $325
When the average total cost is $16 and the total cost is $800, then the number of units the firm is producing is
A) impossible to determine with the information given. B) 12,800. C) 784. D) 50.