Refer to Figure 11.5. An increase in the marginal propensity to import is best illustrated by diagram
A) A. B) B. C) C. D) D.
A
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Use the table below to answer the next question.YearEmployedStructuralFrictionalCyclicalUnemployed20031,800501005020020042,400100100 30020052,000 15018050020062,66040 0140Determine the number of people cyclically unemployed for the year 2004.
A. 200 B. 100 C. -100 D. 0
Under an acreage allotment program,
A) the government sets a limit on the quantity of a product that a farmer is allowed to bring to market, which is intended to cause farmers to cut back on the number of acres they cultivate. B) farmers are paid to take part of their land out of cultivation. C) farmers are given limits as to the number of acres that can be farmed. D) farmers are paid the difference between the market price of their product and a governmentally determined price that would maintain an established price parity. E) the government establishes a minimum price that farmers will be paid for their product, which causes the farmers to cut back on the number of acres planted.
Disability income insurance is:
A. only available through the government as part of the Social Security System. B. insurance that makes payments to workers when they are unable to work due to an injury. C. insurance that makes payments of wages to workers when the company they work for is disabled due to a natural disaster. D. insurance borrowers can take out in case the company they invest in defaults.
Based on the model of the money market, when real income decreases, the equilibrium interest rate should:
A. stay the same. B. increase. C. decrease. D. increase to the same extent that the supply of money increases.