Given the values in the table above, the real interest rate r = ________ when equilibrium output Y = 15
A) 9.8
B) 3.8
C) 3.18
D) 10
E) none of the above
B
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Refer to the Article Summary. The increase in GDP discussed in the article summary was due in part to increases in commercial and residential construction
Increases in commercial and residential construction will cause a(n) ________ the aggregate expenditure curve. A) movement down along B) downward shift of C) upward shift of D) movement up along
Consumer equilibrium requires that the marginal utility per dollar spent be unequal for all goods
a. True b. False Indicate whether the statement is true or false
As women entered the workforce in the 1950s through the 1990s, the
A. labor for participation rate steadily rose. B. labor for participation rate steadily fell. C. unemployment rate steadily fell. D. unemployment rate steadily rose.
Refer to the diagram of the market for product X. Curve S t embodies all costs (including externalities) and D t embodies all benefits (including externalities) associated with the production and consumption of X. Assuming the equilibrium output is Q 2 ,
we can conclude that the existence of external:
A. costs has resulted in an overallocation of resources to X.
B. benefits has resulted in an overallocation of resources to X.
C. costs has resulted in an underallocation of resources to X.
D. benefits has resulted in an underallocation of resources to X.