If consumption is given by C = 300 + .6 (Y-T) and I = 300 – 40r, the IS curve is
a. Y = 600 – 2.4T – 40r + G.
b. Y = 600 + .6Y -100r – G
c. Y = 1500 – 1.5T – 100r + 2.5G
d. Y = 1500 + .6T – 100r – G
e. none of the above.
C
You might also like to view...
Average product is equal to
A) marginal product + total product. B) total product ÷ marginal product. C) total product ÷ quantity of labor. D) total product × quantity of labor. E) marginal product × quantity of labor.
Figure 7-9
Of the graphs in Figure 7-9, which represents average fixed cost?
A. 1 B. 2 C. 3 D. 4
Suppose a senior college football player approaches an insurance company and seeks to purchase an insurance policy against him receiving a career-ending injury. The insurance company
A) will sell him an insurance policy because the proposal entails uncertainty not risk. B) will sell him an insurance policy because the proposal entails risk not uncertainty. C) will not sell him an insurance policy because the proposal entails uncertainty not risk. D) will not sell him an insurance policy because the proposal entails risk not uncertainty.
The leadership of unions must recognize that they face
A) an economic system that is hostile to the interests of workers. B) a no-win situation whenever they think a strike is necessary. C) a fundamental trade-off between higher wages for members and higher taxes for members. D) a fundamental trade-off between higher wages for members and fewer jobs for members.