Which of the following goods would be considered legally non-excludable?
Answer: Water from a drinking fountain on campus
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Why does the economy's aggregate demand curve have a negative slope?
Money must be relatively "scarce" if it is to have value. True or False?
Indicate whether the statement is true or false.
If two goods are substitutes, then an increase in the price of one will cause:
A. a leftward shift of the demand curve for the other good. B. a rightward shift of the demand curve for the other good. C. a movement up and to the left along the demand curve for the other good. D. a movement down and to the right along the demand curve for the other good.
In a typical year, how accurate are forecasts of inflation and real GDP?
A. Within 8–10 percentage points B. Within 2–3 percentage points C. Within 3/4 of 1 percentage point D. Within 1/4 of 1 percentage point