Suppose real GDP for a country is $13 trillion in 2015, $14 trillion in 2016, $15 trillion in 2017, and $16 trillion in 2018. Over this time period, the real GDP growth rate is
A) increasing.
B) decreasing.
C) constant.
D) negative.
B
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Margaret can use her quarterly savings to buy a teakwood study table for her room or spend it on a small Christmas party with her family. The _____ cost of her enjoyment at the Christmas party would then equal the forgone utility of the study table
a. transaction b. exchange c. opportunity d. direct e. sunk
Revenue sharing is usually a means of
a. making states transfer money to the federal government. b. equalizing expenditures per pupil made by school districts. c. splitting the revenue earned from excise taxes between states and the federal government. d. making grants to state and local governments.
Which one of the following policies might the Fed initiate if it wanted to increase the money supply?
a. sell government securities b. increase the reserve requirement c. increase the discount rate d. decrease the reserve requirement
According to the following figure, the equation for demand is
A. Q = 4,000 - 50P. B. Q = 50 - 80P. C. P = 4,000 - 50Q. D. P = 4,000 - 80Q. E. none of the above