Exhibit 5-5 Demand curve for computers
?
In Exhibit 5-5, the total revenue at point B on the demand curve equals:
A. OA.
B. CB.
C. AB.
D. OABC.
Answer: D
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A) go back to taxing nominal wage and salary income. B) start taxing real wage and salary income. C) go back to taxing nominal interest income. D) tax real interest income.
Refer to Figure 14.3. Suppose the economy is initially at long-run equilibrium and the Fed increases the target inflation rate, and to hit this rate, it must reduce the real interest rate. The economy then reaches a new, short-run equilibrium point
Assuming expectations are adaptive, the next movement is best represented as a movement from A) point C to point B. B) point C to point A. C) point D to point C. D) point B to point C.
The ratio of retirees to workers who make contributions to the Social Security system ________
A) has increased over the years B) increased as a result of the baby boom following World War II, but has subsequently declined C) has fallen with the decline in U.S. birth rates D) determines the size of contributions to the system
Secure rights to land provided colonists with incentive to use the land productively, conserve it and invest in it
Indicate whether the statement is true or false