Stagflation may follow an inflationary boom
a. True
b. False
Indicate whether the statement is true or false
True
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If an indifference curve is bowed in toward the origin, the marginal rate of substitution is
a. not likely to reflect the relative value of goods. b. likely to be constant for all bundles along the indifference curve. c. likely to be identical to the price ratio for each bundle along the indifference curve. d. different for each bundle along the indifference curve.
Investment is:
a) An injection that increases aggregate demand b) A withdrawal that increases aggregate demand c) An injection that decreases aggregate demand d) A withdrawal that decreases aggregate demand
The diagram below shows the production possibilities frontier (PPF) for a country that produces guns (G) and butter (B). Most people in the country prefer guns, so in the absence of international trade, point A represents the combination of G and B that maximizes welfare. The slope of the PPF at point A is equal to -2. 
What is the opportunity cost of 1 unit of guns before trade? What is the opportunity cost of 1 unit of butter?
What will be an ideal response?
The Current Population Survey interviews approximately how many households each month?
A) 5,000 B) 10,000 C) 60,000 D) 100,000