Your total utility for 5 milk shakes would be
Demand and Utility Table for Milk Shakes
A. $2.
B. $4.
C. $7.50.
D. $15.
D. $15.
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In the quantity equation framework for understanding the determinants of long-run inflation, a rise in government spending ________ velocity, putting ________ pressure on inflation
A) raises, upward B) raises, downward C) lowers, upward D) lowers, downward
According to the rational expectations theory,
a. the expected results of government anti cyclical measures are intensified by the actions of businesses and individuals. b. the easy expansion of the money supply by banks eventually leads to excess productive capacity. c. the expected results of government anti cyclical measures are offset by the actions of businesses and individuals. d. the limited expansion of the money supply by banks eventually leads to excess productive capacity.
Marti wanted to replenish her wardrobe and went to the $30 rack at K-Mart. There she saw three stylish dresses. She was delighted because she would have been willing to pay $40 for the first dress, $35 for the second dress, and $30 for the third dress. She bought all three. Which of the following is correct?
a. Only the third dress sold for its price. b. The consumer surplus she derived was $90. c. The consumer surplus she derived was $105. d. The consumer surplus she derived was $15. e. The consumer surplus she derived was zero because, for the third, price was exactly what she was willing to pay.
To adjust from Net National Product to Gross National Product:
a) Add depreciation b) Deduct indirect taxes c) Add subsidies d) Add inflation