Refer to the information provided in Figure 23.1 below to answer the question(s) that follow.
Figure 23.1Refer to Figure 23.1. [-500 + 0.5Y] is this household's
A. consumption.
B. saving.
C. MPC.
D. MPS.
Answer: B
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
The first two numbers of the ABA code listed on the check designate:
A. the account number B. the routing number C. the Federal Reserve District D. the code indicating the business or personal account
Kristi and Rebecca sell lemonade on the corner for $0.50 per cup. It costs them $0.10 to make each cup. On a certain day, their producer surplus is $20 . How many cups did Kristi and Rebecca sell?
a. 40. b. 200. c. 8. d. 50.
The majority of federal taxes are levied on ______,
a. property b. income c. usage d. sales