Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A.
B. A to C.
C. C to D.
D. B to D.
Answer: B
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How is a potentially efficient change different from a Pareto optimal change?
What will be an ideal response?
Appropriate supply-side policy (or policies) during a recession would be to do which of the following?
a. Cut taxes on business. b. Reduce costly regulations on businesses. c. Increase government spending. d. Both a. and b. above are correct.
If net exports are negative, then aggregate demand will be less than the sum of consumption, investment, and government purchases
a. True b. False Indicate whether the statement is true or false
An economy produces 500,000 tables valued at $100 each. Households purchase 100,000 tables, of which 50,000 are imported. Businesses purchase 200,000 domestically produced tables, the government purchases 100,000 domestically produced tables, and 50,000 domestically produced tables are sold abroad. At the end of the year, the table manufacturers hold the unsold tables in inventory. What is value of the investment component of GDP?
A. $20 million B. $30 million C. $25 million D. $10 billion