The IS curve will shift down and to the left when
A. desired saving declines.
B. consumption increases.
C. the expected future marginal product of capital declines.
D. government purchases increase.
Answer: C
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Use the following table to answer the next question.YearAltaZornAltaZorn?(Real GDP)(Real GDP)(Population)(Population)1$2,000$150,00020050022,100152,00020250532,200154,000210508Per capita GDP was about
A. $303 in year 3 in Zorn. B. $5 in year 2 in Alta. C. $105 in year 3 in Alta. D. $200 in year 1 in Zorn.
As long as production is such that marginal social benefit is greater than marginal social cost, an efficient outcome occurs
Indicate whether the statement is true or false
How are changes in opportunity cost predicted to affect behavior?
A) The lower the opportunity cost of doing X, the less likely X will be done. B) The higher the opportunity cost of doing X, the less likely X will be done. C) The lower the opportunity cost of doing X, the more likely X will be done. D) a and c E) b and c
Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Figure 16.2Refer to Figure 16.2. The ________ imposed as a result of producing the efficient level of cars is $250.
A. marginal social benefit B. marginal social cost C. marginal private cost D. total damage