Investment spending tends to be
A) anticyclical. B) a periodic variable.
C) unrelated to GDP. D) procyclical.
D
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Which of the following is NOT an example of an automatic stabilizer?
A. Welfare and transfer payments B. Taxes on corporate profits C. Unemployment insurance D. The tax cuts of 1981-1983
Which of the following occurs when a market is in equilibrium?
A) Quantity supplied is equal to quantity demanded. B) Supply is equal to demand. C) The price of the good will tend to rise, all else held constant. D) The price of the good will tend to fall, all else held constant.
Refer to the above figure. MRP0 represents
A. the supply curve for the product. B. the demand curve for labor. C. the supply curve for labor. D. the demand curve for the product.
Informational advertising is the type of advertising that
A. emphasizes the features of a product. B. is used exclusively on radio. C. is used exclusively on television. D. is used to influence a consumer's tastes and preferences.