Using the information contained in Situation 20-1, if planned investment decreases by $100, the equilibrium aggregate output will change by
A) -$1,000.
B) $-100.
C) $100.
D) $1,000.
A
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A common property resource is:
A. a resource that only one person can use. B. a resource that anyone can use for a fixed fee. C. a resource that more than one person is free to use without payment. D. a resource that only one person can use free of charge.
If firms are more optimistic that future profits will rise and remain strong for the next few years, then
A) investment spending will remain unaffected. B) investment spending will rise and then fall. C) investment spending will rise. D) investment spending will fall.
In recent cases, the U.S. placed quotas or protectionist tariffs on imported steel and imported microchips. In both cases the damage to "downstream" industries was obvious to all and relatively easy to quantify and demonstrate. Assuming that the
lawmakers are not plain dumb, why did they enact these protectionist policies?
Among the causes of an increase in labor demand is ________
A) improved availability and affordability of day care for children B) an increase in enrollment at colleges C) an increase in the college wage premium D) an expansion of economic activity