MISSED QUESTIONS

Which of these would be considered a public good?

national defense

If television sellers expect the prices of televisions to fall in the future, we are likely to see the:

supply of televisions increase.

If a country's population increases at a slower rate than the growth in its real GDP

GDP per capita has increased.

If bagels and doughnuts are substitute goods, then which scenario is likely to occur if the price of bagels is reduced?

The demand curve for doughnuts will shift to the left.

Which of the following persons is considered to be unemployed?

Tiffany, who is going on interviews, hoping to get her first job

If the US aggregate price level rises

interest rates go up.

When production technology improves, supply increases and the equilibrium:

quantity rises and the equilibrium price falls.

Holding other expenditures constant, if imports fall by $20 billion and exports fall by $10 billion, then GDP:

rises by $10 billion.