Refer to Figure 8A.2. An increase in the saving rate is represented by
A) a movement from e2 to e1. B) shifting from s1Y to s2Y.
C) a movement from K1 to e1. D) shifting from s2Y to dK.
B
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If this year's price level exceeds last year's
A) the inflation rate between these years has been positive. B) the inflation rate is accelerating. C) deflation is occurring. D) no relative price changes are occurring.
When deciding to implement a congestion tax, economists and the government would use the elements of the economic way of thinking to primarily determine:
A. if the tax would be allocated equitably. B. what congestion tax amount should be charged. C. who should be exempt from the tax. D. where to spend the revenue generated.
The transactions demand for money exists because households
A) do not like the fact that money is a liquid asset. B) must save for unexpected emergencies. C) are insensitive to interest rate changes. D) do not receive their incomes at the same time they wish to make purchases.
If the ________ minus the ________ is positive, Project A is chosen over Project B
A) cost of Project A; cost of Project B B) net benefit of Project B; net benefit of Project A C) net benefit of Project A; net benefit of Project B D) total benefit of Project B; total benefit of Project A