What was the most important consequence of suburbanization?
A. It made people less dependent on their cars.
B. It was very bad for the construction industry.
C. It left the cities with large concentrations of poor people.
D. It raised the tax bases of most cities.
C. It left the cities with large concentrations of poor people.
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In the figure above, the shift in the aggregate demand curve from AD1 to AD2 could be result of
A) an increase in government expenditures on goods and services. B) a decrease in the quantity of money. C) a rise in the price level. D) a fall in the price level. E) an increase in taxes.
The real wage rate measures
a. nominal wages after taxes b. what workers are paid in terms of this year's dollars c. what workers are paid in terms of purchasing power d. what workers have available for spending after paying their bills e. the number of dollars earned by workers
As lumber becomes more expensive
A. the quantity of lumber demanded will increase. B. the equilibrium quantity of new houses will decrease. C. the supply of new houses will increase. D. None of the choices are correct.
A $1,000 price tag on a Coach handbag in a department store is an example of money serving as a
A. medium of exchange. B. unit of accounting. C. store of value. D. an investment tool.