Refer to the information provided in Table 25.3 below to answer the question(s) that follow.Table 25.3
Refer to Table 25.3. Total loans of People's Bank equal
A. $100,000.
B. $400,000.
C. $500,000.
D. $800,000.
Answer: C
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Economic analysis that focuses on bounded rationality and psychological insights is known as: a. behavioral economics. b. Keynesian economics. c. Austrian economics
d. supply-side economics.
Budget constraints exist for consumers because
a. their utility from consuming goods eventually reaches a maximum level b. even with unlimited incomes, they have to pay for each good they consume c. they have to pay for goods and they have limited incomes d. prices and income are inversely related e. demand curves for goods generally slope downward
Changes in government purchases affect planned spending:
A. directly, by changing autonomous expenditures. B. autonomously. C. indirectly, by changing induced expenditures. D. only when there is an expansionary gap.
Refer to the above table. How many workers will this firm hire if the weekly wage rate is $900?
A. 28 B. 27 C. 29 D. 26