If a market is shared equally by 200 firms the Herfindahl-Hirschman Index is
A) 12.5.
B) 25.
C) 50.
D) 200.
C
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For policymakers, the problem with a recessionary gap is ________ and the problem with an expansionary gap is ________.
A. a tendency for inflation to increase; wasted resources B. an increase in cyclical unemployment; an increase in structural unemployment C. wasted resources; a tendency for inflation to increase D. an increase in structural unemployment; an increase in cyclical unemployment
If demand and supply both shift to the right, then:
A) both price and quantity will go up. B) price will go down and quantity will go up. C) quantity will go down and price will go up. D) quantity will go up, but price could go up, down, or stay the same
Suppose business decision makers become more optimistic about the future and, as a result, increase their investment spending by $20 billion. If the economy's marginal propensity to consume is 0.75, the equilibrium level of aggregate real GDP will increase by:
A. $15 billion. B. $20 billion. C. $50 billion. D. $80 billion.
What marginal propensity to save is represented in this graph?
a. 0.25
b. 0.5
c. 0.75
d. 1.0