If consumption increases by $400 when income increases by $500, then the marginal propensity to consume is
A) 900.
B) 100.
C) 1.20.
D) 0.80.
D
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When potential GDP increases, the potential GDP line ________, and the aggregate supply curve ________
A) shifts rightward; shifts rightward B) shifts rightward; shifts leftward C) shifts leftward; shifts rightward D) shifts leftward; shifts leftward E) shifts rightward; does not shift
What is the one thing that all firms in an imperfectly competitive market have in common?
What will be an ideal response?
Predictions of stock prices by stock market analysts
A. usually improve on simple extrapolation of past trends. B. are good both in the short term and in the long term. C. are poor since Wall Street does not pay enough to attract the best analysts. D. are poor because of randomness.
An industrial union is a union composed of
A. workers in numerous occupations but working in the same industry. B. workers in manufacturing industries, rather than in the commercial, service, or government sectors. C. workers sharing a similar industrial job. D. high-wage workers.