To promote an economic expansion and an exit from the deflationary environment that the Japanese had been experiencing for the past fifteen years, the "Abenomics" aims at
A) increasing inflation target.
B) increasing inflation expectations.
C) purchasing long-term bonds.
D) all of the above.
E) none of the above.
D
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The effects of a per-unit tax imposed on sales of an industry's product would likely include
A) a lower product price at any amount of the product supplied. B) a leftward shift of the market supply curve for the product. C) a leftward movement along the market supply curve for the product. D) none of the above.
When the price of a product is increased 10 percent, the quantity demanded decreases 15 percent. The price-elasticity of demand coefficient for this product is
What will be an ideal response?
Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.
Figure 24.5Refer to Figure 24.5. If the economy is in equilibrium and the government increases spending by $200 billion, equilibrium aggregate expenditures increase to $________ billion.
A. 1,800 B. 2,000 C. 2,400 D. 3,200
Sue fishes for cod at a cost of $2 per ton, while Dave fishes at a cost of $4 per ton. Both have one 1000 ITQ and the current market price is $5 per ton. If Dave sold his ITQ to Sue for $2000, he and Sue would:
A. Make the sale because they're both better off B. Not make the sale because Sue is better off and Dave is not C. Not make the sale because Dave is better of and Sue is not D. Not make the sale because neither is better off