According to the graph shown, if the market is in equilibrium, total surplus is:
A. $60.
B. $50.
C. $30.
D. $20.
Answer: B
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In order to predict the marginal rate of return on investment, producers must forecast the interest rate
a. True b. False
A major macroeconomic goal of nearly every society is: a. maintaining stability of prices
b. maintaining high levels of employment. c. achieving high rates of economic growth. d. all of the above.
Many economists agree that government rate setting for monopolies ______.
a. removes the influence of special interest groups b. can become very political c. is an objective approach d. maximizes incentive for the firms
If the marginal propensity to consume (MPC) is 0.75, a $50 decrease in government spending, other things being equal, would cause equilibrium real GDP to:
A. increase by $50. B. decrease by $50. C. increase by $200. D. decrease by $200.