Which of the following is most likely to lead to an increase of 1% in the nominal demand for money?
A) An increase in real income of 0.5%
B) A decrease in real income of 0.5%
C) A decline of 1% in the price level
D) An increase of 1% in the price level
D
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Refer to Figure 4.1. A shift from S1 to S2 will result from all of the following except
A) a decrease in the government's budget deficit. B) a decrease in net exports. C) a decrease in corporate taxes. D) a decrease in the desire of households to consume today.
In the above figure, total cost for this profit-maximizing monopolistically competitive firm is
A) $91,000. B) $50,000. C) $70,000. D) $72,000.
Figure 2-9
Which of the following statements could explain the concave shape of the production possibilities curve in ?
a.
The publishing industry develops improved printing presses.
b.
Productive efficiency increases as the publishing industry moves from point F to point H
c.
More editors and writers are employed as the publishing industry moves from point F to point H.
d.
Some writers are better suited to writing novels; some are better suited to writing textbooks.
e.
The prices of paper and ink fall as the publishing industry moves from point H to point F.
One common measure of the "standard of living" in a nation is:
A. Per capita real income B. Unemployment rate C. Real GDP D. Population size