For conducting a marginal analysis, individuals compare ____________
a. marginal utility and marginal productivity.
b. marginal interest and marginal price.
c. marginal wage and marginal yield.
d. marginal benefit and marginal cost.
d. marginal benefit and marginal cost.
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The unemployment rate at full employment is
A) the natural unemployment rate. B) equal the amount of unemployment caused by job search. C) zero. D) equal to the rationed rate of unemployment. E) undefined because the economy is never at full employment.
If a currency appreciates, a country's net exports
a. fall and AD increases. b. rise and AD increases. c. fall and AD decreases. d. rise and AD decreases.
The theory of rational behavior
A. assumes that people will behave in the best interest of society as a whole. B. implies that people will always take the time to make perfectly informed decisions. C. is an assumption that economists make to have a useful model for how decisions are made.
Figure 10-2
In Figure 10-2, which segment of the aggregate supply curve has the smallest multiplier effect?
a.
AB
b.
BC
c.
CD
d.
DG