The ebbs and flows of the economy over time is called the
A) yield curve.
B) business cycle.
C) competitive market process.
D) CAPM.
B
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The table shows the PPF of an island community. Choose the best state-ment
A. This community has enough resources to produce 2 pounds of fish and 36 pounds of berries. B. This community cannot produce 2 pounds of fish and 36 pounds of berries because this combination is inefficient. C. This community will waste resources if it produces 2 pounds of fish and 22 pounds of berries. D. This community can produce 2 pounds of fish and 30 pounds of berries but this combination is inefficient.
If the marginal propensity to consume (MPC) is 0.75, a $50 decrease in government spending, other things being equal, would cause equilibrium real GDP to:
a. increase by $50. b. decrease by $50. c. increase by $200. d. decrease by $200.
Why is the long-run average total cost (LRATC) curve called the planning curve?
In the 1980s, the number of bank failures increased dramatically in the United States, most of which were uninsured
a. True b. False Indicate whether the statement is true or false