The opportunity cost of taking an on-line history class is
A) the cost of tuition and fees only.
B) zero because there is no classroom time involved if you are enrolled in the course.
C) the value of the time spent on line.
D) the knowledge and enjoyment you receive from taking the class.
E) equal to the highest value of an alternative use of the time and money spent on the class.
E
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Including marginally attached workers in the calculation of the unemployment rate would
A) increase the reported rate. B) lower the reported rate. C) not change the reported rate. D) change the reported rate, but in an unpredictable manner.
For a given increase in aggregate demand, the steeper the short-run aggregate supply curve: a. the larger the increase in investment expenditure. b. the smaller the increase in the price level
c. the smaller the increase in real GDP. d. the larger the increase in real GDP. e. the smaller the increase in real interest rate.