Which of the following reasons offered for why crime fell in the 1990s does the Brennan Center suggest had no impact?
A. Higher rates of incarceration
B. The increase in the number of police
C. The increased use of community policing
D. Longer effective sentences
Answer: C
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Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
The above figure shows the relationship between the Joneses' total consumption and total household income. The figure illustrates that the Joneses' total consumption varies
A) directly with their total household income. B) independently of their total household income. C) inversely with their total household income. D) negatively with their income.
Some people working in the underground economy could be counted in labor statistics as unemployed, while others may be counted as not in the labor force
a. True b. False Indicate whether the statement is true or false
Which of the following correctly distinguishes the concepts of marginal utility and total utility?
a. Marginal utility is inversely related to the number of goods consumed, while total utility is directly related to the number of goods consumed. b. Marginal utility is directly related to the number of goods consumed, while total utility is inversely related to the number of goods consumed. c. Marginal utility is the total satisfaction provided by the consumption of a good, while total utility is the additional amount of satisfaction received from the consumption of an additional unit of a good. d. Total utility is always a positive value, while marginal utility is always a negative value.