Figure 7-5
Which of the graphs in Figure 7-5 could be a firm’s total fixed cost curve?
A. (a)
B. (b)
C. (c)
D. (d)
Answer: C
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To close an inflationary expenditure gap of $20 billion in an economy with a marginal propensity to consume of 0.8, it would be necessary to
A. decrease the aggregate expenditures schedule by $4 billion. B. decrease the aggregate expenditures schedule by $20 billion. C. increase the aggregate expenditures schedule by $4 billion. D. increase the aggregate expenditures schedule by $20 billion.
Fiscal and monetary policy can reduce unemployment with no negative side effects
a. True b. False Indicate whether the statement is true or false
To stabilize the economy rational expectations theorists favor the use of ___________.
Fill in the blank(s) with the appropriate word(s).
Which is an example of a negative externality?
A. The higher price you pay when you buy a heavily advertised product. B. An increase in the value of land you own when a nearby development is completed. C. The costs paid by a company to build an automated factory. D. Decreased property values in a neighborhood where several houses are burglarized.