The EITC is refundable
Indicate whether the statement is true or false
T
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
In the above table, what is marginal product of labor for the 5th worker?
A) 10 B) 14 C) 9 D) 11.2
The slope of the consumption function equals the marginal propensity to consume
a. True b. False Indicate whether the statement is true or false
If the marginal cost of flying the next flight is zero and one passenger is on the plane and has paid $50,
A) fixed cost would still be covered. B) the passenger should be given a bus ticket. C) losses would get bigger. D) the next flight should be flown.