If the price of inputs falls and the budget deficit rises due to an increase in government spending, then the:
a. Price index rises, and the change in real GDP is uncertain.
b. Price index falls, and real GDP rises.
c. Price index is uncertain, and real GDP rises.
d. Price index falls, and real GDP falls.
e. Price index falls and the change in real GDP is uncertain.
.C
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Roxie's Movie Theatre is the only one in town. The table above gives the demand schedule for movies
If Roxie's is a single-price monopoly and the marginal cost of a movie is $6, Roxie's will charge ________ a movie and will sell ________ movie tickets a week. A) $15; 100 B) $12; 200 C) $6; 400 D) $9; 300
What does an empty core signify about the resources of the negotiators?
Microeconomics is the study of
a. how money affects the economy. b. how individual households and firms make decisions. c. how government affects the economy. d. how the economy as a whole works.
Based on the table showing income inequality in the United States, the proportion of income earned by the lowest fifth of Americans was greatest in ______.
a. 1935
b. 1950
c. 1960
d. 1970