The wage premium for the average college graduate (vs. the average high school graduate) has gone up significantly in recent years
a. True
b. False
A
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The GDP equation is
A) Y = C - I - G - NX. B) Y = C + I + G + NX. C) C + I = G + NX. D) C + I = Y + G + NX.
A decrease in the level of real GDP in the economy leads to
A) a leftward shift in the demand for money curve. B) a rightward shift in the demand for money curve. C) a leftward movement along the demand for money curve. D) a rightward movement along the demand for money curve.
The type of policy that involves interest rates and the availability of loanable funds is known as:
A) fiscal policy. B) monetary policy. C) strategic financial policy. D) federal policy.
Marginal utility is defined as:
a. the extra satisfaction the consumer receives from an extra $1 of income. b. the total level of satisfaction a consumer receives upon the consumption of a certain number of goods. c. the number of hours a consumer would be willing to work to receive a certain product. d. the extra satisfaction a person derives from consuming an additional unit of a good. e. a comparison of the utility a good provides with the price of that good.