Refer to Figure 7-2. The efficient equilibrium quantity is ________ thousand vaccinations
A) 200 B) 400 C) 600 D) > 600
C
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Based on the above table, which of the following is the efficient quantity of output?
A) 31 B) 16 C) 32 D) None of the above answers is correct.
efer to Figure 8.8. This farmer's profit-maximizing level of output is __________ units of output. A) 200 B) 700 C) 1,000 D) 1,400
The money demand curve will shift to the right if:
A. ATM machines are introduced. B. the price level decreases. C. real income increases. D. the nominal interest rate increases.
Other things equal, if $100 billion of government purchases (G) is added to private spending (C + I g + X n ), GDP will:
A. increase by $100 billion. B. increase by less than $100 billion. C. increase by more than $100 billion. D. fall by $100 billion.