Uncontrollable government spending includes
A. Welfare benefits but not unemployment benefits.
B. Interest payments on the national debt.
C. Spending decisions made in the current year.
D. Approximately half of the government spending in the United States.
Answer: B
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Your marginal utility from a hamburger
A) is always greater than your total utility from hamburgers. B) is always greater than your average utility from a hamburger. C) is always greater than the price of a hamburger. D) depends on how many hamburgers you've already eaten.
The LM curve
A) is horizontal. B) is vertical. C) slopes downward. D) slopes upward.
The reforms introduced by Congress in the 1930s led to:
A. the Great Crash. B. relative financial stability for over 70 years. C. a further decline that lasted for 25 years. D. the Great Depression to be worse than it needed to be.
All of the following, except one, would increase the demand for a particular model of a Ford automobile. Assume that this model is a normal good. Which is the exception?
a. an increase in buyers' incomes b. increased prices of other Ford models c. an expected future increase in the price d. an increase in the U.S. population e. a decrease in the price of steel