For the period 1947-2012 in the United States, the price level was
A) acyclical.
B) bicyclical.
C) procyclical.
D) countercyclical.
D
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Brian consumes only pizza and soda. When the price of a soda is $2 and the price of a slice of pizza is $4, Brian maximizes his utility by buying 5 sodas and 10 slices of pizza
If the marginal utility of the 5th soda is 100, then the marginal utility from the 10th slice of pizza must be ________. A) 200 B) 100 C) 50 D) More information is needed to determine the marginal utility of the 10th slice of pizza.
A recent study by economists at the Federal Reserve Bank of New York estimates that over the period from 1970 to 2013, the average college graduate earned ________ more per year than the average person who had only a high school degree
A) $5,750 B) 13,275 C) $23,500 D) $44,400
Which of the following is not a result of rent control?
a. fewer new apartments offered for rent b. less maintenance provided by landlords c. bribery d. higher quality housing
Which of the following can reduce the level of economic growth?
A. Crowding out. B. Technological improvements. C. Higher ratios of capital to labor. D. Crowding in.