The aggregate demand curve shows that, if other factors are held constant
A. higher price levels will result in higher total planned spending.
B. higher price levels will result in lower interest rates.
C. higher price levels will result in lower total planned spending.
D. lower price levels will result in inflationary conditions.
Answer: C
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In recent years, the fertility rate in developing countries has been
(a) declining. (b) holding steady. (c) increasing. (d) showing no particular pattern.
Commitment devices can be:
A. a tool to help people avoid temptation. B. an informal arrangement. C. formal policies set up through an employer or third party. D. All of these statements are true.
A consumer equilibrium is depicted using indifference curve analysis as: a. the point where two indifference curves cross
b. the combination of two goods that minimizes total utility for a given level of income. c. the combination of two goods located where the highest attainable indifference curve is just tangent to the budget line. d. any combination of two goods where an indifference curve crosses the budget line.
Suppose you live in a community of 100 people where everyone who is able to do so seeks work
If 80 people are over 16 years old and 72 of them are employed, what is the unemployment rate in this community?