Linda, a business management student, works full time as a salesperson in a shoe store. According to the unemployment statistics, Linda is considered employed
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose the equilibrium quantity of movie tickets is 1000. If the demand curve shifts ________, the equilibrium quantity of movie tickets will ________
A) leftward; increase B) rightward; decrease C) rightward; not change D) leftward; not change E) rightward; increase
U.S. real GDP per person grew rapidly in the early 1960s. The table above has U.S. real GDP and population for 1961 and 1962
a. What was U.S. real GDP per person in 1961? b. What was U.S. real GDP per person in 1962? c. Between 1961 and 1962, how rapidly did U.S. real GDP per person grow?
Immediately after the Federal Reserve buys government securities,
A) bank excess reserves rise. B) bank excess reserves fall. C) bank capital rises. D) bank capital falls.
The marginal propensity to consume is
a) consumption divided by disposable income b) national income divided by consumption c) the change in national income caused by a $1 change in consumption d) the change in consumption caused by a $1 change in disposable income e) the percentage increase in consumption caused by a 1% decrease in savings