In 2013, the poverty line for a family of four was about:
a. $18000
b. $23800
c. $25300
d. $35100
Answer: b. $23800
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Suppose Nara could invest her $1000 in a savings account or she could invest in the stock market
After one year, the savings account has a guaranteed 5 percent interest rate and the stock market has a 10 percent chance of tripling her money, and 90 percent chance of losing it all. What is the difference in Nara's expected wealth between these two options? A) $1050 B) $300 C) $750 D) $50
In the dynamic aggregated demand and aggregate supply model, if AD shifts faster than AS
A) stagflation occurs. B) deflation occurs. C) disinflation occurs. D) inflation occurs.
How do rational expectations models differ from traditional classical economics? How does the new Keynesian model differ from the traditional Keynesian view?
What will be an ideal response?
Which of the following will most likely cause an outward shift in the production possibilities curve?
a. a reduction in the man-made productive resources available to the economy as the result of a decline in investment b. an increase in government payments to farmers for taking land out of production c. an increase from 40 to 50 hours in the average number of hours worked per week d. None of the above would cause an outward shift in the production possibilities curve.