Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by
A. a change in society's preferences for hybrid cars versus motorcycles.
B. an increase in economic growth.
C. an increase in unemployment.
D. a reduction in unemployment.
Answer: A
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The interest rate that the Fed charges on loans made directly to banks is called ________.
A. the prime rate B. the discount rate C. interest on reserves D. the federal funds rate
Medicare was established in
a. 1925 b. 1945 c. 1965 d. 1985 e. 1995
Which of the following is used to determine the terms of trade?
A. Absolute costs. B. Opportunity costs. C. Export ratio. D. Per capita GDP.
If Sara Thomas' disposable income increases from $4,000 to $4,500 and her level of saving increases from $200 to $300, it may be concluded that her marginal propensity to:
a. Consume is .75 b. Save is .30 c. Consume is .60 d. Consume is .80