With an MPS of .2, the MPC will be:
a. .8
b. .3
c. 1.2
d. 5
a. .8
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A main reason for the low unemployment rate from 1995 through most of the 2000s was because of
A) higher oil prices. B) the government's policy of tightening immigration policies. C) the rapid development of the Internet industry and other new technologies. D) government's more liberal social benefit programs. E) increased defense expenditures by the government.
From an initial long-run equilibrium, if aggregate demand grows more slowly than long-run and short-run aggregate supply, then Congress and the president would most likely
A) decrease oil prices. B) decrease taxes. C) increase the required reserve ratio and decrease government spending. D) decrease government spending. E) lower interest rates.
A sellers' supply curve represents: a. the private cost borne by the sellers. b. the subsidies received by the sellers. c. the taxes paid by the sellers
d. the social cost borne by the sellers.
TFC=Total Fixed CostQ=Quantity of OutputMC=Marginal CostP=Product PriceTVC=Total Variable Cost Refer to the above information. Average total cost is:
A. 
.
B. TVC - MC.
C. 
.
D. 
.