(01.02 MC)Kim decides to go to the zoo on Tuesday afternoon. On Tuesday, Kim’s boss assigns a new project due by the end of the day. Which of the following statements describes the opportunity cost of Kim using Tuesday to work on the project?

(02.07 MC) Use the graph to answer the question that follows.Country ‘P’ is at point ‘D’ of the business cycle. As an economist, what steps would you suggest government authorities to take?

(01.02 MC)Kim decides to go to the zoo on Tuesday afternoon. On Tuesday, Kim’s boss assigns a new project due by the end of the day. Which of the following statements describes the opportunity cost of Kim using Tuesday to work on the project?

(06.05 HC) Assume that Country Y engages in expansionary fiscal policy to stimulate its economy. Which of the following statements relating to imports and exports is correct?

(05.03 MC) If the money supply in an economy is $240 billion and the nominal GDP is $960 billion, then how many times is the average dollar in the economy spent?

(03.02 MC) What is the maximum change in output when government spending increases from $200 to $300, given the marginal propensity to save is 0.5?

(05.04 MC) The sum of government purchases and transfer payments for a given year is $1.2 trillion, while total government revenue was $1 trillion. If in the following year, the government spent more and took in less revenue, which of the following would be true?

(04.05 MC) Assuming money supply to be constant, under which of the following scenarios will the nominal interest in an economy increase?

(05.04 MC) Which of the following best explains the difference between a government debt and a budget deficit?

  (02.01 LC) Which of the following best explains the difference between the value-added approach and the expenditure approach for measuring the GDP?