Based on this graph, the multiplier effect ______.
a. increases aggregate demand by $20 billion
b. increases aggregate demand by $30 billion
c. decreases aggregate demand by $10 billion
d. decrease aggregate demand by $20 billion
a. increases aggregate demand by $20 billion
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Taylor has the following assets and liabilities:Two cars$15,000House$400,000Mortgage$300,000Cash$1,000Car loans$5,000Checking account balance$3,000Credit card balance$3,000What is Taylor's wealth?
A. $111,000 B. $105,000 C. $107,000 D. $419,000
During the Uruguay round of GATT negotiations, the United States sought to
a. liberalize trade in agricultural products. b. increase the number of quotas on finished goods. c. liberalize the use of embargoes. d. tighten the role of GATT in excluding services.
The answer is: "It is sometimes in the best interest of business firms to pay their employees higher-than-equilibrium wage rates." What is the question?
A) What do efficiency wage models imply? B) What do classical economists say? C) What is the central tenet of Say's law? D) What did John Maynard Keynes say was the reason for inflexible wages? E) none of the above
According to behavioral economists, the human brain:
A. makes most decisions based on careful calculation of benefits and costs. B. uses evolutionary-developed heuristics to make many decisions. C. only develops heuristics for decision making after the same decision has been made multiple times using a rational framework of comparing benefits and costs. D. employs heuristics in decision making that are slow but generally error-free.