Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A.
B. A to C.
C. C to D.
D. B to D.
Answer: B
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Suppose the equilibrium quantity of ethanol has decreased. Which of the following could have caused this change?
A) a decrease in demand B) an increase in supply C) an increase in quantity demanded D) an increase in quantity supplied
When a firm can achieve economies of scale by expanding, its long-run ATC curve:
A. slopes downward. B. slopes upward. C. is flat. D. Any of these is possible.
A transfer payment is a sum of money
a. spent by government for new goods and services. b. shifted between members of a household. c. given by government without a good or service in exchange. d. moved between companies for goods and services. e. required to pay taxes.
In an article regarding Bangladesh's economy, the author suggests that the government give tax breaks on investment dollars, research and development, and donations to educational institutions. Suppose the multiplier in Bangladesh is 2. If the government enacts the proposed policies and __________, aggregate expenditure __________ in the short run.
a) induced expenditure increases by $5 billion; increases by $10 billion b) autonomous expenditure decreases by $10 billion; decreases by $5 billion c) equilibrium expenditure increases by $8 billion; increases by $16 billion d) autonomous expenditure increases by $10 billion; increases by $20 billion