Your father tells you he earned $3.00 per hour when he was 16 in 1977; you remember making $6.00 per hour when you were 16 in 1999 . Given that the CPI was 36.7 in 1977 and 166.1 in 1999, which of the following is the 1999 real equivalent of your father's hourly earnings when he was 16?

If C = $7,000 . + 0.75(Y) and intended investment is $2,000 . then the equilibrium level of national income will be

a. $1,500 b. $5,142 c. $36,000 d. $9,500 e. $9,000

Stability and equity are two principles associated with

a. private goods as opposed to public goods b. public goods, such as public assistance and defense c. merit goods, such as public assistance and agriculture d. transfer payment programs, such as education and natural resources e. transfer payment programs, such as public assistance and agriculture