If per capita output increases by 5 percent and output grows by 3 percent, the population must be:
A. increasing at a rate of 2 percent.
B. increasing at a rate of 8 percent.
C. falling at a rate of 2 percent.
D. falling at a rate of 8 percent.
Answer: C
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Decreases in the NAIRU represent a:
A) leftward shift in the aggregate demand curve. B) leftward shift of the long-run aggregate supply curve. C) rightward shift of the long-run aggregate supply curve. D) rightward shift in the aggregate demand curve.
Stock markets for securities are important because
A) they are where corporations raise financial capital. B) they are where proprietorships and partnerships raise financial capital. C) they permit individuals to transfer their savings directly into investment spending. D) they make the stocks and bonds more valuable.
In the Keynesian model, the larger the marginal propensity to consume, the:
a. larger the multiplier. b. larger the marginal propensity to save. c. higher the income level of the economy. d. smaller the change in income derived from a given change in government spending.
Estate taxes are paid by the heirs of an estate when the estate is valued over a certain amount
a. True b. False Indicate whether the statement is true or false