If good A had twice as many good substitutes as good B, but good B consumed twice the amount of a buyers income as good A, goods A and B would have the same elasticity of demand
a. True
b. False
Indicate whether the statement is true or false
False
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Investment is defined as the purchase of
A) financial assets and inventories only. B) new capital goods but not additions to inventories. C) any financial asset only. D) new capital goods and additions to inventories. E) additions to inventories only.
Increase in the real interest rate will ________ the expenditure curve:
A) decrease. B) increase. C) not change. D) none of the above.
Which of the following agencies calculates the CPI?
a. the National Price Board b. the Department Of Weight and Measurements c. the Bureau of Labor Statistics d. the Congressional Budget Office
Given the table below, if labor is fixed at three units, how much does the third unit of capital add to total output? 
Amount of total output produced from various combinations of labor and capital.
A. 80 B. 60 C. 110 D. 130 E. none of the above