Which of the following would be example(s) of the resource cost of inflation?
a. Shopping several web sites to check prices
b. Changing price tags
c. Re-printing menus
d. The wear and tear on your car from additional trips to the bank
e. All of the above
E
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Figure 11-5
Crown Theater is the only movie theater in the city. Its cost and revenue curves are shown in Figure 11-5. Monopolist Crown Theater would set the price of its tickets at
A. $7.50. B. $6.00. C. $4.50. D. $3.00.
If disposable income is $900 billion when the average propensity to consume is 0.8, it can be concluded that:
a. Consumption is $800 billion b. The marginal propensity to save is 0.1 c. The marginal propensity to consume is 0.9 d. Saving is $180 billion
Answer the question on the basis of the following information. Suppose the members of population A, consisting of Al, Bob, Curt, Doris, and Ellie, receive annual incomes of $5,000, $2,500, $1,250, $750, and $500, respectively. Refer to the given
information. What percentage of total income is received by the lowest 60 percent of the income receivers in population A? A. 60. B. 50. C. 25. D. 20.
According to classical economists, ________ unemployment does not persist in the economy because wages will always adjust to ensure equilibrium in the labor market.
A. the natural rate of B. excessive C. frictional D. structural