Anna enters the workforce after being unemployed for a year. How would this be shown on her consumption function?
A. Movement down the consumption function
B. Shift upward of the function
C. Shift downward of the function
D. Movement up along the consumption function
Answer: D
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A producer's minimum acceptable price for a particular unit of a good
A. will, for most units produced, equal the maximum that consumers are willing to pay for the good. B. is the same for all units of the good. C. must cover the wages, rent, and interest payments necessary to produce the good but need not include profit. D. equals the marginal cost of producing that particular unit.
What are the components of the trilemma that is encountered when a country chooses its monetary policy and what is the meaning of the term?
What will be an ideal response?
An increase in government spending without an accompanying increase in taxes
A) does not increase aggregate demand. B) would effectively eliminate an inflationary gap. C) causes investment spending to increase. D) requires additional government borrowing.
User reviews of products on store websites that reassure buyers of the quality is an example of:
A. screening. B. building a reputation. C. statistical discrimination. D. None of these statements is true.