Which of the following both shift aggregate-demand curve to the right?
a) a decrease in taxes and at a given price level consumers feel more wealthy
b) a decrease in taxes and at a given price level consumers feel less wealthy
c) an increase in taxes and at a given price level consumers feel less wealthy
d) an increase in taxes and at a given price level consumers feel more wealthy
Ans: a) a decrease in taxes and at a given price level consumers feel more wealthy
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Which of the following statements is true?
A) Eurobanks are able to create money. B) Eurobanks accept deposits but not loans. C) Eurobanks are essentially intermediaries. D) Both A and C.
Jobs that require more costly training generally have
a. higher wages b. lower employment levels c. less human capital required d. higher personal risk levels e. lower wages
Some economists argue that a rise in the interest rate, brought about by a rise in government borrowing in the loanable funds market to finance a budget deficit, brings in foreign funds in search of the higher interest rate return. This, in turn, dampens the rise in the interest rate. If this is true as far as it goes, there will be __________ crowding out than there would be if foreign funds did
not flow into the country. A) more B) less C) the same amount of D) none of the above
If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.