Refer to the information provided in Figure 24.4 below to answer the question(s) that follow.
Figure 24.4Refer to Figure 24.4. What is the value of Point B?
A. $7,000 billion
B. $6,000 billion
C. $3,500 billion
D. cannot be determined from the given information
Answer: C
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Refer to Figure 4-10. With rent control, the quantity supplied is Q1. Suppose apartment owners ignore the law and rent this quantity for the highest rent they can get. What is the highest rent they can get?
A) more than R1 B) R* C) R1 D) R0
Each member of the Board of Governors of the Fed serves:
a. a four-year term that begins at the same time as that of the newly elected president. b. a four-year term that does not coincide with the term of the current president c. until a new president is elected. d. a fourteen-year term. e. a six-year term.
If the government wished to shift aggregate demand to the left, it might:
A. decrease military spending. B. increase the amount of educational grants available. C. decrease corporate income taxes. D. All of these would cause a decrease in aggregate demand.
Monopolies do not last in the long-run
Indicate whether the statement is true or false