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Home Search Your Textbook Essentials of Economics

Questions for: Essentials of Economics — 4e

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Using the market for loanable funds, which of the following has the potential to raise the real inte
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In a production possibilities frontier model, a point inside the frontier is
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Long-run economic growth requires all of the following except
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In the United States in 2012, the percentage of firms that employed between 3 and 199 workers and of
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The top policy goal for Paul Volcker when he became chairman of the Federal Reserve's Board of Gover
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What must be true in terms of the income effect, the substitution effect, and the type of good for t
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In response to a surplus the market price of a good will fall; as the price falls, the quantity dema
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Although gold is highly valued by most people, it is difficult to use as a medium of exchange. Expla
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The quantity theory of money was derived from the quantity equation by asserting that
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In a report made to the U.S. Congress in 2001, the National Academy of Sciences cautioned that if fu
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The main result of the monetarist model is that
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An inferior good is a good for which the quantity demanded increases as the price decreases, holding
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Under the Patient Protection and Affordable Care Act (ACA), individuals who do not have health insur
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Technological advancements have led to lower prices and an increase in the sale of color laser print
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Jason, a high-school student, mows lawns for families in his neighborhood. The going rate is $12 for
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In a competitive market the demand curve shows the ________ received by consumers and the supply cur
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Suppose that at the beginning of a loan contract, the real interest rate is 4% and expected inflatio
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What is the difference between explicit and implicit costs?
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Which of the following is true of a typical firm in a monopolistically competitive industry?
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Changes in interest rates affect all four components of aggregate demand. (True or false?)
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