According to the graph shown, total surplus is:
A. $50.
B. $90.
C. $130.
D. $25.
Answer: D
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Over the last century,
A. hours worked have increased as wages have increased. B. hours worked have decreased as wages have increased. C. hours worked have increased as wages have decreased. D. hours worked have decreased as wages have decreased
Which the following is NOT an exogenous factor affecting economic growth that countries caught in a "poverty trap" might utilize to encourage economic growth?
A) human capital B) political capital C) infrastructure D) geographical location
The major reason for the twists, turns, and spurts in the economy's growth path, according to real business cycle theorists, is
a. interest rate fluctuations b. wars c. housing shortages d. a climatic change e. year to year changes in the pace of technological change
If a country tries to stimulate the economy with fiscal policy, the effects will be exchange rate
A. depreciation, lower interest rates, and a small increase in aggregate demand. B. depreciation, higher interest rates, and a small decrease in aggregate demand. C. appreciation, lower interest rates, and a small increase in aggregate demand. D. appreciation, higher interest rates, and a small increase in aggregate demand.