Between 1992 and 2012, the percentage of college students receiving some form of aid
A. increased from 58% to around 84%.
B. increased from 8% to 13%.
C. decreased from 73% to 58%.
D. remained constant at 35%.
Answer: A
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If the consumption function is expressed as C = a + mpc × YD, then "a" represents
A) autonomous consumer expenditure. B) the marginal propensity to consume. C) the expenditure multiplier. D) disposable income.
Refer to Figure 10.3. A decrease in the real interest rate, with no other changes that affect aggregate expenditure, is best represented by ________ in panel (a) and ________ in panel (b)
A) a shift from AE3 to AE2; a shift from IS2 to IS1 B) a shift from AE2 to AE3; a shift from IS1 to IS2 C) a shift from AE1 to AE2; a movement from point A to point B D) a shift from AE1 to AE3; a movement from point A to point C
Suppose in 2003, President Bush and the Congress made consumer credit harder to obtain. This would have the effect of
a. shifting the investment curve up b. shifting the investment curve down c. shifting the consumption curve up d. shifting the consumption curve down e. increasing the level of investment
?Strawberries (pounds) 
Consider the above table. Assuming the government imposes a price ceiling on strawberries of $4 per pound, what would be the likely result?
A. a surplus of 2,000 pounds of strawberries B. No change, equilibrium would prevail. C. a shortage of 2,000 pounds of strawberries D. The quantity demanded of strawberries would fall to zero.