(01.06 MC) The following table shows the demand, supply, and prices for books in the market. What is the equilibrium price for books, and how is the market impacted if the price rises above equilibrium level? Price (per unit) Quantity demanded (in thousands) Quantity supplied (in thousands) $10 19 39 $8 21 32 $6 25 25 $4 28 19 $2 34 11

(05.07 MC) Which one of the following public policies promotes economic growth in the country?

(03.02 MC) If the marginal propensity to consume is .75 (or 75%), which of the following is true?

(01.02 LC)The repartimiento system established by the Spanish in the mid-1500s

(02.07 MC) Which of the following best describes the turning points of the business cycle?

(05.05 LC) In macroeconomics, “crowding out” is apt to have which effect on the economy in the long run?

(02.06 MC) For country XYZ, a study shows that the nominal GDP was $2,400 billion, whereas the real GDP was less than the nominal GDP because of the GDP deflator that was standing at 120. Considering this, what was the value of real GDP?

(02.07 MC) Use the graph to answer the question that follows.The government of Country ‘X’ is operating at point ‘C’ in T3. Which of the following events would move the economy from point ‘C’ to ‘D’?

(03.09 LC) Which of the following is the result of automatic fiscal stabilizers that help an economy recover from inflationary periods?

(02.03 HC) From the following data given by the Bureau of Labor Statistics, calculate the total number of persons who are counted in a labor force of a country. Institutionalized population 5 million Stay-at-home parents 12 million Employed individuals 22 million Unemployed individuals 9 million Military workers 7 million Under age 16 population 13 million Retired individuals 11 million