If Darby values a soccer ball at $50, and she pays $40 for it, her consumer surplus is $90
a. True
b. False
Indicate whether the statement is true or false
False
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The government of Techland experienced a current account surplus of $0.4 billion during a certain year. What should be the balance in the financial account of Techland? Explain your answer
What will be an ideal response?
A rise in the real interest rate ________ consumption expenditure and ________
A) decreases; shifts the consumption function downward B) decreases; results in a movement downward along the consumption function C) decreases; shifts the consumption function upward D) increases; shifts the consumption function upward E) increases; shifts the consumption function downward
A rising GDP causes __________ the money demand curve
A) downward movement along B) upward movement along C) a rightward shift of D) a leftward shift of
Since 1960, the natural rate of unemployment in the U.S. has been between
a. 0% and 1%. b. 5% and 6%. c. 10% and 12%. d. 12% and 24%.