The demand curve for a Giffin good
A. is a straight line.
B. slopes upward.
C. is convex.
D. slopes downward.
Answer: B
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An individual who has stopped looking for a job because he is convinced that he cannot find a job is referred to as
A) a contingent worker. B) a productive worker. C) a discouraged worker. D) an unemployed worker.
If the interest rate at which you can lend funds is r percent per year, then the present value of Y dollars to be received next year is
a. (1 + r)Y b. Y / r c. Y d. Y - r e. Y / (1 + r)
If the U.S. economy had grown faster than it actually did from 2009 to 2010, the unemployment rate would have been higher
a. True b. False Indicate whether the statement is true or false
If consumption increases,
A) the SRAS curve will shift rightward, which will push the price level up. B) the SRAS curve will shift leftward, which will push the price level up. C) the AD curve will shift leftward, which will push the price level down. D) the AD curve will shift rightward, which will push the price level up.