Sweden and Norway would best be described as _______ countries.
A. Capitalist
B. Fascist
C. Communist
D. Socialist
D. Socialist
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
From the labor point of view, what is the benefit of collective bargaining?
a. to ensure the company derives the greatest amount of profit from labor b. to put more effort into the research and development of new systems c. to make sure workers are not taken advantage of by large employers d. to slow the process of robotic production replacing human workers
A commercial bank has excess reserves of $10,000 and a required reserve ratio of 20%. It grants a loan of $8,000 to a customer, who then writes out a check for $8,000 that is deposited in another bank. The first bank will find its reserves decrease by:
A. $2,000 B. $3,000 C. $1,600 D. $8,000
A general formula for the multiplier is
A) 1/(1-MPS) B) 1/(MPC) C) 1/(MPS) D) 1/(MPC-1)