Refer to the table shown. The marginal product of the third worker is:Number of workersMarginal product of workers1225394145166177188189171015
A. 2.
B. 17.
C. 9.
D. 8.
Answer: B
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
Would the Keynesian consumption function work well in a world of libertarian paternalists?
What will be an ideal response?
Suppose the government's goal is to increase consumption in the year 2002 . Its two options are (1) an announced one-time $1 billion dollar tax cut for 2002 or (2) an announced permanent tax cut (2000 and thereafter) of $1 billion dollars starting in 2002. Which would more effectively achieve the government's goal?
a. the one-time tax rebate, if Friedman's permanent income hypothesis is correct b. the permanent tax cut, if Friedman's permanent income hypothesis is correct c. either option would do because each will increase consumption by the same amount d. the one-time tax rebate, if Duesenberry's relative income hypothesis is correct e. the permanent tax cut, if Duesenberry's relative income hypothesis is correct
The decision on the DuPont cellophane case of 1956 dealt with the issue of:
A. Unfair advertising practices B. Determining the relevant market for a particular product C. DuPont's ownership of General Motors stock D. Price fixing in the chemical industry