Identify the correct statement.
a. A budget deficit is a flow variable, while debt is a stock variable.
b. A budget deficit is a stock variable, while debt is a flow variable.
c. A budget deficit and debt are both stock variables
d. The budget deficit decreases when aggregate demand decreases.
e. Debt increases when the budget deficit decreases.
a
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At a market clearing price
A) the quantity demanded will just equal the quantity supplied. B) there will be an excess quantity demanded. C) there will be a tendency for price to rise over time. D) the demand function will shift outward.
The average variable cost curve intersects the marginal cost curve from below
a. True b. False Indicate whether the statement is true or false
In an open economy with flexible exchange rates, monetary policy affects ________ through changes in the real interest rate and affects ________ through changes in the exchange rate.
A. productivity and growth; consumption B. taxes and saving; net exports C. consumption and investment; net exports D. net exports; taxes and saving
What is the marginal benefit associated with producing six units of the control variable, Q (identify point D in the table)?Control variableTotal BenefitsTotal CostsNet BenefitsMarginal BenefitMarginal CostMarginal Net BenefitQB(Q)C(Q)N(Q)MB(Q)MC(Q)MNB(Q)0000---190010080090010080021,700300C80020060032,4006001,800700E4004A1,0002,00060040020053,5001,5002,000500500F63,9002,1001,800D600-20074,2002,8001,400300700-40084,400B800200800-60094,5004,5000100900-800104,5005,500-1,00001,000-1,000
A. 400 B. 600 C. 200 D. 100