The slopes of the curve at points A and B (maximum and minimum) are: 
A. zero and 1.
B. zero and zero.
C. 1 and zero.
D. infinity and zero.
Answer: B
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Who from among the following would be counted as unemployed?
A. A person with a part-time job who wants and is looking for a full-time job. B. A person who is willing to work but has not looked for a job in two months. C. A person who is willing to work and has looked for a job in the last week. D. All of these people would be counted as unemployed.
Crowding out refers to
A) increases in consumption, investment, or net exports caused by an increase in government purchases. B) increases in tax revenues associated with increases in tax rates. C) reductions in tax revenues associated with increases in tax rates. D) decreases in consumption, investment, or net exports caused by an increase in government purchases.
At each of the three points in the following graph, indicate whether planned aggregate expenditure is greater than, equal to, or less than GDP?
What will be an ideal response?
The opportunity cost of holding money refers to
A) the service fees associated with checking accounts. B) the service fees associated with checking accounts plus the costs undertaken to prevent theft. C) the interest that could have been earned if the money balances had been transferred to an interest-bearing asset. D) the pleasure that would have been received if the money balances had been used to buy a good or service.