Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3.
B. -3/4.
C. -1.5.
D. -20.
Answer: A
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When a bank receives a $50 million discount loan from the Federal Reserve, the bank's reserves
A) remain the same. B) increase by less than $50 million. C) increase by $50 million. D) increase by more than $50 million.
A decrease in the price level will
a. increase the quantity of aggregate demand, shown as a downward movement along the existing aggregate demand curve b. decrease the quantity of aggregate demand, shown as an upward movement along the existing aggregate demand curve c. cause a rightward shift in the aggregate demand curve d. cause a leftward shift in the aggregate demand curve e. have no effect on the aggregate demand curve
The open-economy macroeconomic model examines the determination of
a. the output growth rate and the real interest rate. b. unemployment and the exchange rate. c. the output growth rate and the inflation rate. d. the trade balance and the exchange rate.
In economics, all the items that people would consume if they had unlimited income are known as
A. wants. B. needs. C. aggregates. D. outputs.