An increase in the price level will shift the aggregate demand curve:
A) rightward.
B) leftward.
C) both.
D) none of the above.
D
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The Denver Broncos is a football team in the NFL, the Colorado Crush was an arena football team, and the Highlands Ranch Falcons is a local High School team
Broncos tickets cost about $415, Crush tickets cost between $30 and $85 and Falcons tickets are $6. What does marginal utility theory predict about the marginal utility per dollar from each of these football games? A) The marginal utility per dollar will be greatest for the Broncos. B) The marginal utility per dollar will be equal for all games. C) The marginal utility per dollar will be greatest for the Crush. D) The marginal utility per dollar will be greatest for the Falcons.
Henri earned a salary of $50,000 in 2001 and $70,000 in 2006 . The consumer price index was 177 in 2001 and 265.5 in 2006 . Henri's 2006 salary in 2001 dollars is
a. $35,000.00. b. $46,666.67. c. $61,950.00 d. $105,000.00.
The rule of rational choice holds that people will alter their behavior if ______.
a. expected marginal benefits outweigh expected marginal costs b. they can afford both the money costs and the non-money costs c. comparative advantages are greater than absolute advantages d. changes to their course of action are slow and incremental
Suppose the natural rate of unemployment is 4 percent. What is the actual rate of unemployment if actual output is 2 percent below potential output?
A. 8 percent B. 5 percent C. 6 percent D. 3 percent