Of the following U.S. demographic groups, which tends to have the lowest rate of unemployment?
A) whites
B) blacks
C) white teenagers
D) black teenagers
A
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If the marginal propensity to consume (MPC) is 0.80, the value of the spending multiplier is:
a. 2. b. 5. c. 8. d. 10.
Suppose that the introduction of computers increases the productivity of workers in the developed world. What you would expect wages to do?
a. Rise mainly in the developed countries. b. Rise mainly in the developing countries. c. Fall mainly in the developed countries. d. Fall mainly in the developing countries.
Government purchases and transfer payments:
A. differ because the latter absorb resources while the former do not. B. differ because the former absorb resources while the latter do not. C. are alike because both are more inflationary than private spending. D. are alike because both absorb resources.
For a monopolist, marginal revenue ________ for all units of output except the first unit.
A. is greater than the price of output B. is less than the price of output C. is equal to the price of output D. may be either greater than or less than the price of output