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chapter_9_long - Exam Name MULTIPLE CHOICE Choose the one...

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Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A consumer may increase his or her saving by A) working more hours and consuming fewer goods in the present period. B) working fewer hours and consuming fewer goods in the present period. C) working fewer hours and consuming more goods in the present period. D) working more hours and paying less taxes in the present period. E) working more hours and consuming more goods in the present period. 1) 2) When drawn against the real interest rate, the optimal investment schedule shifts to the right if A) future total factor productivity z ȇ decreases. B) future total factor productivity z ȇ increases. C) future total factor productivity z ȇ remains constant. D) current total factor productivity z decreases. E) current total factor productivity z increases. 2) 3) The response of output following a natural disaster includes 3) 4) The output demand curve shows the 4) 5) The condition, MRS l, C = w, describes the representative consumer ȇ s 5) 6) The equilibrium effects of a sectoral shift include A) a decrease in the real wage and a decrease in the real interest rate. B) a decrease in the real wage and an increase in the real interest rate. C) a decrease in the real wage only. D) an increase in the real wage and a decrease in the real interest rate. E) an increase in the real wage and an increase in the real interest rate. 6) 1
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