Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.
Figure 6.14Refer to Figure 6.14. At point A, the slope of the indifference curve is
A. -0.67.
B. -1.5.
C. -3.0.
D. indeterminate because the marginal utilities are unknown.
Answer: A
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Refer to the table above. What is the total cost incurred per month if Ryan rents Apartment 5?
A) $2,150 B) $2,270 C) $2,400 D) $2,265
Which of the following factors led to the housing bubble in the U.S. in 2006?
a. Increased amount of lending to subprime borrowers b. Decreased money supply by Federal Reserve c. Future expectation about downward movement of prices of the houses d. Federal Reserve raised the market rate of interest e. Increase in the supply of houses
The marginal propensity to consume is
A. real saving/real disposable income. B. real consumption/real disposable income. C. change in real saving/change in real disposable income. D. change in real consumption/change in real disposable income.
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. B; C C. B; A D. D; B