(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

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

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

(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?

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

(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’?

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