Figure 7-2
In Figure 7-2, at an output of 500, marginal cost equals
A. 10.
B. 20.
C. 30.
D. 40.
Answer: B
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A 2 percent wage increase for teachers or police officers
A. is usually offset by higher output per worker. B. leads to increases in municipal budgets. C. indicates that teachers and police have become more selfish. D. leads to more personalized service.
Suppose that you are earning the maximum amount of money within the 28% tax bracket. If you receive a $1000 raise next year this will place you in the 33% tax bracket. Calculate your tax burden and the amount of increase in your "take-home" pay
What will be an ideal response?
Demand for U.S. dollars by speculators is likely to increase if the dollar is expected to depreciate in the near future
a. True b. False Indicate whether the statement is true or false
Which monetarist idea has been absorbed into mainstream macroeconomics?
A. The net export effect has a stronger effect on fiscal policy than monetary policy B. Cuts in tax rates significantly increase the productive capacity of the economy over the historical averages C. Excessive growth in the money supply over long periods leads to inflation D. The Federal funds rate is a more important monetary target than the money supply