If net exports decrease by 250 and the mpc is 0.75, equilibrium aggregate output
A) increases by 1000.
B) increases by 750.
C) decreases by 750.
D) decreases by 1000.
D
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A production possibilities curve always slopes downward to the right because resources
A. are not scarce. B. have no opportunity cost. C. are freely available. D. are limited. E. are not related to outputs.
About ________ of research on new medicines is carried out in the United States
A) 10 percent B) one-half C) two-thirds D) 90 percent
Countries without well-developed financial systems are able to sustain high levels of economic growth
Indicate whether the statement is true or false
The housing shock which occurred during the recession of 2007-2009 reduced wealth and residential construction, causing the
A) IS curve to shift to the right. B) IS curve to shift to the left. C) MP curve to shift up. D) MP curve to shift down.