If consumers suddenly became more optimistic ________
A) they would spend more at any given inflation rate
B) planned expenditures would decline
C) the aggregate demand curve would shift to the left
D) all of the above
E) none of the above
A
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Average product falls any time
a. marginal product is falling. b. marginal product is rising. c. marginal product is below it. d. total product is rising.
The original Federal Reserve Act
A) specified open market operations as the Fed's main policy tool. B) specified open market operations as one of several Fed policy tools. C) specified that open market operations be employed by the Fed only in circumstances where discount loans were ineffective. D) did not specifically mention open market operations.
To answer the question, refer to the following table showing a demand schedule: 
If price rises from $100 to $150,
A. an arrow representing the price effect points upward and is shorter than an arrow for the quantity effect, which points downward. B. the arrow representing the price effect points down and the arrow representing the quantity effect points up. C. total revenue moves up as indicated by the direction of the arrow representing the price effect. D. arrows representing the price and quantity effects both point upward. E. both c and d
Which of the following is not an example of a factor of production?
A. A forest. B. A computer program. C. A labor leader. D. Dollars.