Whenever MC of the last unit produced of a good is greater than its MU, society can benefit from decreasing the output of that good.
Answer the following statement true (T) or false (F)
True
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Answer the following statement(s) true (T) or false (F)
1. If the price of a good changes, the demand for the good changes. 2. When the quantity demanded by consumers goes up, we can be sure that there has been a rise in demand 3. A demand curve is drawn downward sloping to show that price and quantity demanded will move in opposite directions as long as other relevant factors remain unchanged. 4. An increase in the price of compact discs would shift the demand curve for DVD players to the left. 5. An increase in the price of gasoline would shift the demand curve for gasoline to the left.
If the Ricardo-Barro effect is present, a government budget deficit raises the equilibrium real interest rate by ________ and decreases the equilibrium quantity of investment by ________ than if the Ricardo-Barro effect is absent
A) more; more B) more; less C) less; more D) less; less
If you were a member of the NBER business-cycle dating committee, would you declare that the U.S
economy is now in a recession? Why? Describe the major variables that you would look at to determine whether the economy is in a recession or not, and what features of the data you would look for.
A portfolio's performance is its yield to the holder
a. True b. False Indicate whether the statement is true or false