Gross investment minus depreciation is equal to
A. non-residential investment.
B. gross national product.
C. the change in capital stock.
D. the value of durable goods.
Answer: C
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Which of the following is concerned with social regulation?
A) Federal Reserve Board B) Sherman Commission C) Food and Drug Administration D) Board of Education
The inflation rate has been constant for several years at 4 percent, and the unemployment rate has been stable at 6 percent over the same time period. Changes in government policy that cause the inflation rate to rise to 6 percent will
A) have no effect on the unemployment rate. B) cause the unemployment rate to fall in the short run. C) cause the unemployment rate to rise to 9 percent in the short run. D) cause the unemployment rate to rise in the short run, but we cannot tell by how much.
Which of the following is the most frequently used parameter when comparing two economies?
a. Nominal GDP b. Real GDP c. Per capita real GDP d. Currency adjusted GDP
A monopolist engages in price discrimination
A. by charging a lower price when marginal cost is higher. B. by charging a higher price to consumers whose demand is more inelastic. C. by charging a lower price to consumers whose demand is more inelastic. D. by charging the same price to all consumers.