Sherrie owns a pickup truck and also owns a parrot. Therefore, we can conclude that there is a causal relationship between owning the pickup truck and the parrot for Sherrie.
Answer the following statement true (T) or false (F)
False
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Eliza consumes 12 cappuccinos and 8 apple turnovers per week. The price of a cappuccino is $4 each and apple turnovers are $1 each
a. What is the amount of income allocated to cappuccino and apple turnover consumption? b. What is the price ratio (the price of cappuccinos relative to the price of apple turnovers)? c. Explain the meaning of the price ratio you computed. d. If Eliza maximize utility, what is the ratio of the marginal utility of cappuccinos to the marginal utility of apple turnovers? e. If the price of apple turnovers falls, will Eliza consume more apple turnovers, fewer apple turnovers, or the same amount of apple turnovers? Explain your answer using the rule of equal marginal utility per dollar.
________ is a tax on a stock, while ________ is a tax on a flow.
A. A tax on your salary; a retail sales tax B. A retail sales tax; a payroll tax C. A payroll tax; a local property tax D. A local property tax; a tax on your salary
If the economy is operating below its full employment level, the Fed can
A) increase aggregate supply by raising the price level. B) increase aggregate demand by selling bonds and raising interest rates. C) increase aggregate demand by stimulating the demand for money. D) increase aggregate demand by increasing the rate of growth of the money supply.
In the late 1990s, the U.S. federal government had a budget surplus. If there is no Ricardo-Barro effect, the budget surplus ________ the real interest rate and ________ the equilibrium quantity of investment
A) did not change; did not change B) lowered; increased C) raised; increased D) raised; decreased E) lowered; decreased