If real GDP decreases, there is
A) an upward movement along the demand for money curve and no shift of the curve.
B) a leftward shift of the demand for money curve.
C) no movement along the demand for money curve and the curve does not shift.
D) a downward movement along the demand for money curve and no shift of the curve.
E) a rightward shift of the demand for money curve.
B
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In which of the following countries do elective medical procedures generally receive lower priority, often resulting in longer waiting times than are common under more privately-funded systems?
A) Japan and the United States B) Japan and Canada C) Canada and the United Kingdom D) the United Kingdom and the United States
Refer to Figure 4-10. What area represents the deadweight loss after the imposition of the ceiling?
A) J + H B) C + E C) C + E + J + H D) G + H
If the official unemployment rate increases from December to January because the Christmas season is over, we can conclude that _____ is responsible for the increase
a. seasonal unemployment b. cyclical unemployment c. structural unemployment d. frictional unemployment e. underemployment
A consumer has spent all of his income on pizza and movies. The price of a piece of pizza is $1 and the price of a movie is $6. The marginal utility of the last piece of pizza is 5 and the marginal utility of the last movie is 24. The consumer has
A. not maximized utility. He should cut back consumption of each good. B. maximized utility. C. not maximized utility. He should cut back on pizza and buy more movies. D. not maximized utility. He should cut back on movies and buy more pizza.