Use the above table and assume a fixed cost of $1000. At an output of 4, AFC is
A. $200.
B. $250.
C. $500.
D. $1,000.
B. $250.
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Everything else held constant, a decrease in net taxes will cause the IS curve to shift to the ________ and aggregate demand will ________
A) right; increase B) right; decrease C) left; increase D) left; decrease
A company can hire non-union workers, but a condition of their employment is that they must join the union within their first 90 days on the job. This is an example of a
A) right-to-work law. B) closed-shop. C) union shop. D) voluntary craft union.
If demand deposits increase, the result is that
a. required reserves must increase b. the reserve ratio must increase c. all banks are "loaned up" d. the number of loans must decrease e. all banks are suffering a loss
Increases in the minimum wage are in every worker's best interest.
Answer the following statement true (T) or false (F)