Exhibit 14-5 Aggregate demand curves
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In Exhibit 14-5, which one of the following could cause the U.S. aggregate demand curve to move from AD3 to AD2?
A. greater resource availability
B. nonfluctuating resource availability
C. a recession in Japan
D. an increase in government grants for AIDS awareness programs
Answer: C
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In exhibit 9-2, the marginal propensity to save equals
What will be an ideal response?
Refer to Table 4-6. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $13, Marko's will produce
A) 1 shirt. B) 2 shirts. C) 3 shirts. D) 4 shirts.
For conservatives, the United States needs
a. an expanded public sector to protect consumers. b. a smaller public sector and less regulation. c. a larger tax rate and more government spending. d. more public goods and services, such as national health care.
Macroeconomists are concerned about changes in the unemployment rate because changes in the unemployment rate provide information about
A) the state of the economy. B) the welfare of those who are unemployed. C) none of the above D) both A and B