Which entity within the U.S. government is responsible for computing and reporting the CPI?
a. the Department of Commerce
b. the Department of Labor
c. the General Accounting Office
d. the Council of Economic Advisers
b
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Higher isocost lines correspond to higher
A) profits. B) sales revenue. C) input prices. D) total costs of production.
For a monopolist:
a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. marginal cost equals zero. e. average total cost equals marginal cost.
If C(X) represents the total cost of activity X, then which of the following expressions best represents the marginal cost of activity X?
A. C(X) - C(X - ?X) B. (C(X) - C(X - ?X))/?X C. (C(X) - C(X - ?X))/X D. C(X - ?X))/?X
Refer to the graph shown. Expansionary fiscal policy is most likely to shift the aggregate demand curve from:
A. AD0 to AD2 if crowding out does not occur and from AD0 to AD3 if crowding out does occur. B. AD2 to AD0 if crowding out does not occur and from AD1 to AD3 if crowding out does occur. C. AD0 to AD2 if crowding out does not occur and from AD0 to AD1 if crowding out does occur. D. AD2 to AD0 if crowding out does not occur and from AD1 to AD2 if crowding out does occur.