"Leaning against the wind" is exemplified by a(n)
a. tax increase when there is a recession.
b. decrease in the money supply when there is a recession.
c. increase in government expenditures when there is a recession.
d. All of the above are correct.
c
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Refer to Table 2-7. The Shellfish Shack produces only shrimp and oysters. The table above shows the maximum possible output combinations of the two types of shellfish using all resources and currently available technology
a. Suppose The Shellfish Shack is currently producing at point E. What is the opportunity cost of producing an additional 11,000 pounds of oysters? b. Suppose The Shellfish Shack is currently producing at point E. What happens to the opportunity cost of producing more and more shrimp? Does it increase, decrease, or remain constant? Explain your answer. c. Suppose The Shellfish Shack is currently producing at point B. What happens to the opportunity cost of producing more and more oysters? Does it increase, decrease, or remain constant? Explain your answer. d. Suppose The Shellfish Shack is plagued by a disease which destroys oyster beds but not shrimp habitats. What would happen to its PPF?
Since the U.S. economy expanded rapidly from 1992 to 2000, it must be true that
a. fiscal contraction overwhelmed monetary expansion. b. monetary expansion overwhelmed fiscal contraction. c. monetary expansion exactly offset fiscal contraction. d. monetary contraction overwhelmed fiscal expansion.
Between 1980 and 2000, income per person in India
A) doubled. B) tripled. C) quadrupled. D) decreased by 25 percent.
If 
j, an unbiased estimator of 
j, is also a consistent estimator of 
j, then when the sample size tends to infinity:
A. the distribution of 
j collapses to a single value of zero.
B. the distribution of 
j diverges away from a single value of zero.
C. the distribution of 
j collapses to the single point 
j.
D. the distribution of 
j diverges away from 
j.