(05.06 MC) With the advancement in technology and an increase in labor productivity, the output of an economy increases. How is this phenomenon analogous to the outward shift of the long-run aggregate supply curve?

(03.01 LC) Which of the following components will be included in determining the aggregate demand of a country?

(06.02 MC) Use the graph to answer the question that follows.From the graph, at price P2, supply is greater than the demand. How will the price adjust in order to bring the exchange rate to its equilibrium?

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

(01.03 MC) If Country A can produce 3 X or 6 Y with a unit of labor and Country B can produce 3 X and 3 Y with a unit of labor, which of the following statements is true?

  (05.03 MC) Which of the following could occur if a central bank keeps decreasing the money supply constantly in an economy?

(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

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

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

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