As you move down an indifference curve, the absolute value of the slope
A. decreases.
B. remains constant.
C. increases.
D. initially decreases and then increases.
Answer: A
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Assume that the full-employment level of output is $1,000 and the price level associated with full-employment output is 100. Also assume that the economy's current level of output is $1,100 and, at the price level of 100, current aggregate demand is $1,200. If the government moves the economy back to the full-employment level of output by reducing government purchases by $50, then the expenditures multiplier equals
A. 4. B. 5. C. 2. D. 10.
Which of the following will cause a cartel to be unstable?
a. a small number of firms b. high barriers to entry c. sharply differentiated products d. lack of legal constraints
When a country's government budget deficit decreases,
a. the real exchange rate of its currency and its net exports increase. b. the real exchange rate of its currency and its net exports decrease. c. the real exchange rate of its currency increases and its net exports decrease. d. the real exchange rate of its currency decreases and its net exports increase.
The U.S. Census Bureau estimates that from 2000 to 2009, the net inflow of unauthorized immigrants was about:
A. 100,000 annually. B. 250,000 annually. C. 350,000 annually. D. 700,000 annually.