Based on the following graph, one point on the consumer's demand curve for X is
The consumer's income is $600.
A. 25 units at a price of $7.50.
B. 25 units at a price of $10.
C. 60 units at a price of $10.
D. 35 units at a price of $10.
E. 35 units at a price of $6.
Answer: B
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When statisticians fail to take into account improvements in the quality of goods and services, the CPI will tend to ________ the rate of inflation.
A. understate B. be unrelated to C. precisely measure D. overstate
A decrease in interest rates by the Fed based on a given and unchanged policy reaction function represents a ________ the aggregate demand curve, and lower interest rates resulting from a downward shift in the Fed's policy reaction function represents a ________ the aggregate demand curve.
A. movement down; shift right of B. shift left of; shift right of C. movement up; movement down D. shift left of; movement up
When the United States sends money to Indonesia to help tsunami survivors, in what account is this transaction recorded?
A) the current account B) the capital account C) the financial account D) the foreign exchange account
The rule of 72
A. Can be used to determine how long it will take for GDP to double. B. Is the procedure for calculating percentage increases in the growth rate. C. Shows the number of years it takes for productivity to triple. D. Refers to the base year from which growth rates are measured.