Suppose the marginal propensity to consume is 0.8. A $20 billion increase in government spending shifts the IS curve
A) to the right by $100 billion.
B) to the left by $20 billion.
C) to the left by $16 billion.
D) to the right by $2.5 billion.
A
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At the midpoint of the demand curve, in absolute value,
a) the price elasticity coefficient is at a maximum. b) the price elasticity coefficient is at a minimum. c) the price elasticity coefficient is zero. d) the price elasticity coefficient is one. e) the price elasticity is the same as elswhere along this demand curve
Both competitive firms and monopolies produce at the level where marginal cost equals marginal revenue. Then, other things remaining the same, why is price lower in a competitive market than in a monopoly?
What will be an ideal response?
A mismatch of the skills of unemployed workers and the skills required for existing jobs is defined as:
a. involuntary unemployment. b. cyclical unemployment. c. structural unemployment. d. frictional unemployment.
If Sam does not have a job and is NOT currently looking for work but has looked in the past, he is considered:
A. unemployed and in the labor force. B. unemployed and not in the labor force. C. not in the labor force. D. unemployed.