A local restaurant offers an "all you can eat" Sunday brunch for $12. Susan eats four servings but leaves half of a fifth helping uneaten. Why?
What will be an ideal response?
Her marginal value of food has fallen to zero.
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Between 1960 and 2001, the labor force participation rate increased for each of the following groups except
a. married women b. married men c. single women d. single men
Capital accounts are a measure of how much ____ have invested ____
a. c and d b. d and e c. U.S. stockholders; in the market d. foreign stockholders; in foreign firms e. U.S. firms; in foreign nations
According to the equation of exchange, the total amount of funds spent on final ______ is equal to the total amount of funds received for the final ______.
a. output; input. b. output; output. c. input; output d. input; input
Exhibit 16A-3 Macro AD/AS Model
As shown in Exhibit 16A-3, assume the marginal propensity to consume MPC equals 0.80. Using discretionary fiscal policy, federal government spending should be _________ in order to restore the economy from E1to full employment.
A. increased by $2 trillion B. decreased by $2 trillion C. decreased by $.40 trillion D. increased by $.80 trillion