Movements in the exchange rate will shift the aggregate demand curve of an economy
a. True
b. False
Indicate whether the statement is true or false
False
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Jim has a choice between two jobs. Job A would pay him $15 an hour with certainty, and the job B is commission based where he could earn $12, with a 50% probability and $18 with a 50% probability. Which job would he choose?
a. Job A b. Job B c. Neither of the jobs d. He would choose to exit the labor market
Last year the Jones family earned $40,000. This year their income is $42,000. In an economy with an inflation rate of 10 percent, which of the following is correct?
A. The Jones' nominal income and real income have both fallen. B. The Jones' nominal income and real income have both risen. C. The Jones' nominal income has increased and their real income has fallen. D. The Jones' nominal income has decreased and their real income has risen.
Refer to the above diagram. The quantity difference between areas A and C for the indicated price reduction measures:
A. monopoly price. B. marginal revenue. C. a welfare or efficiency loss. D. marginal cost.
How much is induced consumption?
C = $6.4 trillion Disposable income = $8 trillion Autonomous consumption = $4 trillion