Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced.
B. an unattainable production point.
C. what society wants.
D. the economy's optimal production point.
Answer: A
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Kumiko is not at her consumer equilibrium because she sees too many movies and buys too few books. As she moves toward her consumer equilibrium, her marginal utility from movies will ________ and her marginal utility from books will ________
A) decrease; decrease B) increase; decrease C) decrease; increase D) increase; increase
Given the equations for C, I, G, and NX below, what is the equilibrium level of GDP?
C = 1,000 + 0.8Y I = 1,500 G =1,250 NX = 100 A) $3,080 B) $3,850 C) $6,930 D) $19,250
An increase in accrued wages during the accounting period represents an increase in cash.
a. true b. false
Based on the graph showing the crowding-out effect, how does the crowding-out effect influence the fiscal policy effect?
a. It decreases it by the difference between AD2 and AD3.
b. It increases it by the difference between AD1 and AD3.
c. It completely negates the fiscal policy effect.
d. It doubles the fiscal policy effect.