If an event is unlikely to occur, which probability is a reasonable estimate?
A) 0
B) 0.23
C) 0.82
D) Not enough information to determine.
B
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In the above figure, the economy initially is at point C. Then the domestic price level rises by 10. A
A) substitution effect would help move the economy to point D. B) substitution effect would help move the economy to point B. C) substitution effect would keep the economy at point C. D) wealth effect would help move the economy to point B.
Real interest rate equals the inflation rate minus the nominal interest rate
Indicate whether the statement is true or false
The 2003 tax rebate is an example of
A. monetary policy. B. nondiscretionary trade policy. C. discretionary fiscal policy. D. nondiscretionary fiscal policy.
Refer to the data provided in Table 10.2 below to answer the following question(s).
Table 10.2 
Refer to Table 10.2. Diminishing returns to labor start with the ________ worker.
A. second B. third C. fourth D. fifth