If the Federal Reserve raises or lowers interest rates too late, it could result in a ________ policy that destabilizes the economy
A) budgetary B) fiscal C) procyclical D) countercyclical
C
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A firm can produce 450 gallons of milk per day with 4 workers and 500 gallons per day with 5 workers. The marginal product of the fifth worker expressed in gallons per worker per day, is:
a. 35. b. 50. c. 70. d. 350.
The federal government receives most of its revenue from three sources: personal income tax, corporate income tax, and payroll tax.
Answer the following statement true (T) or false (F)
If you work 4 extra hours, and the slope of the curve showing the relationship between your income and work hours is 8, your income will increase by:
A. $2. B. $4. C. $12. D. $32.
Purchases of ________ are the most volatile type of expenditures because they are very sensitive to the interest rate, which is highly volatile.
A. new cars B. nondurables C. new houses D. stocks