Refer to the above graph. Which of the following movements would indicate an increase in employment?
From point D to point G
From point C to point D
From point E to point D
From point F to point E
From point F to point E
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In order for a policy option to achieve allocative efficiency,
a. PVNB must be maximized c. PVC must be minimized b. PVB must be minimized d. (PVB – PVC) must be minimized
The crowding-out effect refers to
A) government spending crowding out private spending. B) private saving crowding out government saving. C) government investment crowding out private investment. D) private investment crowding out government saving.
The proportion of the total population aged 0–15 and over 65, is known as the
(a) dependency burden. (b) unproductive population. (c) surplus labor. (d) population momentum.
If you deposit $8,000 in a bank, calculate how much the bank must keep as required reserves and how much it can loan out if the required reserve ratio was 5 percent. If it was 8 percent? 13 percent? 26 percent?