The usefulness of money in commercial societies comes from the fact that
A) money is backed by gold.
B) most people will change their behavior at least a little in response to money incentives.
C) most people will do anything at all for money.
D) most people would rather spend money than save it.
E) the quantity of money can easily be expanded or contracted.
B
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If the price of its product just equals the average variable cost of production for a competitive firm,
A) total revenue equals total fixed cost and the firm's loss equals total variable cost. B) total revenue equals total variable cost and the firm's loss equals total fixed cost. C) total fixed cost is zero. D) total variable cost equals total fixed cost.
A majority of people in the United States do not have private health insurance
Indicate whether the statement is true or false
An increase in government spending causes the equilibrium level of aggregate output to ________ at any given interest rate and shifts the ________ curve to the ________, everything else held constant
A) rise; LM; right B) rise; IS; right C) fall; IS; left D) fall; LM; left
What two factors determine labor productivity? Explain which of the two is more important
What will be an ideal response?