One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money.
B. by increasing government spending.
C. by setting price ceilings on most goods so people can afford them.
D. None of these will help an economy in recession.
Answer: B
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If a firm's MRP of capital < MFC, the firm should
a. lower the interest rate b. decrease its quantity demanded of loanable funds c. increase its quantity demanded of loanable funds d. hire more labor e. raise the interest rate
In the above table, the total utility of three slices of pizza is
A. 80. B. 50. C. 20. D. 70.
According to the text, which of the following is the prime cause of the greenhouse effect?
A. Nitrogen oxide. B. Carbon monoxide. C. Carbon dioxide. D. Sulfur dioxide.
In a binding situation, the Fed rule calls for
A. a negative output level. B. a positive interest rate. C. a negative price level. D. a negative interest rate.