The change in consumption that results from a change in the relative price of goods while staying on the same indifference curve is the
A) income effect.
B) substitution effect.
C) indifference effect.
D) price effect.
B
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An increase in the exchange rate from $2.00 = 1 € to $2.20 = 1 € is a
A) 10% depreciation of the euro with respect to the dollar. B) 10% depreciation of the dollar with respect to the euro. C) 10% appreciation of the dollar with respect to the euro. D) None of the above.
Refer to Scenario 3.1. What is the total utility that Andy will receive if he consumes 5 units of potato chips (Qp) and no Cola drink (Qc)?
A) 4 utils B) 10 utils C) 30 utils D) 40 utils E) none of the above
Suppose that in 2009, private investment spending was $500 billion, government investment was $300 billion, and depreciation was $250 billion. How much did the capital stock increase in 2009 (assume there were no other changes that affect the capital stock)?
a. $300 billion b. $500 billion c. $550 billion d. $800 billion e. $1.05 trillion
How does the BLS "seasonally adjust" the unemployment rate?
What will be an ideal response?