Which of these variables is not a variable in the equation for the asset market equilibrium condition?
A) Saving
B) Expected rate of inflation
C) Real interest rate
D) Real income
A
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Refer to the figure above. What is the equilibrium price and quantity of the good?
A) Equilibrium price = $40, equilibrium quantity = 20 units B) Equilibrium price = $60, equilibrium quantity = 10 units C) Equilibrium price = $60, equilibrium quantity = 20 units D) Equilibrium price = $80, equilibrium quantity = 30 units
A negative externality exists when
A. marginal social costs are less than marginal private costs. B. marginal social costs are greater than marginal private costs. C. marginal social benefits are less than marginal private benefits. D. marginal social benefits are greater than marginal private benefits. E. b and c
If the growth rate of employment is positive but labor productivity remains unchanged, which of the following is likely to happen? a. Real GDP will either decrease or remain constant. b. Real GDP will decrease
c. Real GDP will remain constant. d. Real GDP will either increase or remain constant. e. Real GDP will increase.
A discouraged worker is one who:
a. is underqualified for the current job. b. dislikes the current job but is afraid to quit. c. drops out of the civilian labor force because he/she cannot find a job. d. quits his/her job because the possibility of advancement was very low. e. is overqualified for the current job.