Figure 11-1
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In Figure 11-1, a change in consumer tastes favoring calculators will lead to which movement?
A. A to C
B. A to D
C. A to B
D. A to E
Answer: B
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The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
The following list contains factors that are related to the aggregate demand curve.1)Household expectations 2)Profit expectations 3)Degree of excess capacity 4)Personal income tax rates 5)Exchange rates 6)National income abroad 7)Government spending 8)Household wealth Refer to the above information. A change in net export spending would most likely be caused by changes in:
A. 5 and 6. B. 4 and 7. C. 2 and 3. D. 1 and 8.
Suppose Chris is a potter who makes mugs. His total costs depend on the number of mugs he makes each day, as shown in the accompanying table.Number of Mugs Per DayTotal Cost Per Day0$101$142$193$254$325$406$49 The marginal cost if the 4th mug per day is ________.
A. $32 B. $5 C. $7 D. $8
The coupon rate on newly issued bonds is usually higher for bonds with ________ terms and ________ risk that the borrower will go bankrupt.
A. longer; greater B. shorter; smaller C. shorter; greater D. longer; smaller