If spending increased by $250, and the GDP decreased $1,000 as a result, the MPC must be:
A. ?0.75
B. 0.75
C. ?4
D. 2
B. 0.75
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Trends in the workplace include this leading one:
a. In recent years, being underemployed, having employment beneath one's level of education and experience b. Longer lunch hours c. Kinder, more empathetic bosses d. More work space, larger private offices
Total market demand can be calculated by
A) horizontally summing individual demand curves at each and every price level. B) vertically summing individual demand curves at each and every income level. C) adding up the largest quantity demanded by each individual. D) looking at the changes in the products' popularity.
After a price ceiling of $8 is placed on the market in the graph shown, the total number of units traded:
A. falls by 8 relative to equilibrium.
B. falls by 15 relative to equilibrium.
C. falls by 23 relative to equilibrium.
D. increases by 15 relative to equilibrium.
A real estate salesperson sells a house in 2011 that was built in 1994 . How does this transaction get counted in the GDP statistics?
a. The price of the house and the real estate salesperson's commission are both included in 2011's GDP. b. Neither the price of the house or the commission is included in 2011's GDP. c. The real estate salesperson's commission but not the price of the house is included in 2011's GDP. d. The price of the house would be included in both 1994's GDP and the GDP for 2011.