Which of the following is(are) indexed to inflation?
A. Standard deduction
B. Employer contributions to pensions
C. Gifts and inheritances
D. None of the answer options are correct.
A. Standard deduction
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Refer to the scenario above. Jack and Jill will derive maximum utility if:
A) Jack tries to move the tree while Jill does not. B) Jill tries to move the tree while jack does not. C) both of them try to move the tree. D) neither of them tries to move the tree.
Suppose you are told that the equilibrium price of gasoline has increased, while the equilibrium quantity of gasoline has fallen. You are also told that either the demand changed or supply changed, but not both
Which of the following must have occurred? A) Demand increased. B) Demand decreased. C) Supply increased. D) Supply decreased.
The labor force includes individuals who are: I. Employed II. Unemployed III. Discouraged workers
A) I only B) Both I and II C) Both I and III D) All I, II and III
If the marginal propensity to consume (MPC) is 0.80, the value of the spending multiplier is:
a. 2. b. 5. c. 8. d. 10.