When people borrowing more with good interest rate
What will be an ideal response?
it will increase economy and AD(aggregate demand) will shift to the right
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Andrew's utility of wealth schedule is given in the above table. Andrew is offered a job as a cook which pays $10,000. He is also offered a job as a server which will pay $5,000 if tips are poor and $15,000 if tips are good
There is a 50 percent chance that tips will be poor and a 50 percent chance that tips will be good. The expected income from the job as a cook is ________ and from the job as a server is ________. A) $10,000; $15,000 B) $5,000; $5,000 C) $10,000; $5,000 D) $10,000; $10,000
Economic analysis and policy are made more difficult by
a. having so much data to work with. b. inadequate and imperfect information. c. an incomplete consensus on the basic goals of social policy. d. the lack of public interest and opinion on economic questions. e. the major economic problems society faces.
For a monopolistically competitive firm, at the profit-maximizing quantity of output,
a. price exceeds marginal cost. b. marginal revenue exceeds marginal cost. c. marginal cost exceeds average revenue. d. price equals marginal revenue.
Kara and Kyle are competing sockeye salmon fishers. Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each. Kara's cost per ton is $8; Kyle's cost per ton is $12. Refer to the information given. If the market
price of sockeye salmon is $15 per ton, and Kara and Kyle both catch their quota, their combined profit will be: A. $6,000. B. $14,000. C. $20,000. D. $30,000.