The duration of unemployment tends to rise when
A. business activity goes into a downturn.
B. people leave their jobs rather than lose their jobs.
C. business activity starts back up after a long period of decline.
D. the number of entrants exceeds the number of reentrants.
Answer: A
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If the marginal propensity to consume (MPC) is 0.9, then the multiplier for a change in autonomous spending will be
A) 0.1. B) 9. C) 10. D) 100.
If relative prices are changing, we can definitely state that
What will be an ideal response?
Which component of GDP captures goods that are produced but not sold in a given year?
A. Personal consumption B. Net exports C. Nonresidential investment D. Changes in private inventories
Refer to the information provided in Figure 7.1 below to answer the following question(s). 
Figure 7.1Refer to Figure 7.1. A corn producer's profit is $200 and is producing 100 bushels of corn. Then he must have a cost per bushel of
A. $1. B. $2. C. $3. D. $4.