Roger wants to buy a set of X-Men comics and is willing to pay $7 per book. GeekPoint, a comic book store, sells the comics that Roger wants at a market price of $5 per book. If Roger is willing to pay $4.5 per book, which of the following would be the best outcome for Roger?
a. GeekPoint decreasing the market price of each book to $4.75
b. GeekPoint decreasing the market price of each book to $7.5
c. GeekPoint decreasing the market price of each book to $4.5
d. GeekPoint decreasing the market price of each book to $7.25
c
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What were the principal causes of the U.S. government budget deficits of the 1980s? How did these budget deficits lead to the twin deficits? According to the Ricardian equivalence proposition, should twin deficits arise as a result of tax cuts?
What will be an ideal response?
The demand for loanable funds comes from:
A. investment. B. savings. C. the government printing money. D. households spending on nondurable goods.
Suppose a country had a smaller increase in debt in 2011 than it had in 2010 . Then other things the same, we would expect
a. lower interest rates and investment in 2011 than in 2010. b. lower interest rates and greater investment in 2011 than in 2010. c. higher interest rates and greater investment in 2011 than in 2010. d. higher interest rates and lower investment in 2011 than in 2010.
Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were employed?
a. 1.5 million b. 28.5 million c. 30 million d. 47.5 million