An increase in the price level, other things equal, will shift the:
A. Consumption, investment, and net exports schedules of the aggregate expenditures model downward
B. Consumption, investment, and net exports schedules of the aggregate expenditures model upward
C. Consumption, and investment schedules of the aggregate expenditures model upward, but the net exports schedule downward
D. Consumption, and net exports schedules of the aggregate expenditures model upward, but the investment schedule downward
A. Consumption, investment, and net exports schedules of the aggregate expenditures model downward
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In the game in Scenario 13.7, the strategy pair that pays
A) $69,000 to each player is the only equilibrium. B) ($0, -$1000 ) is the only equilibrium. C) (-$1000, $0 ) is the only equilibrium. D) $0 to each player is the only equilibrium. E) $69,000 to each player and the strategy pair that pays $0 to each player are equilibria.
The most common argument for income redistribution is that
A. it works-it reduces the poverty rate. B. a society as wealthy as the United States has a moral obligation to provide its members with the basic necessities of life. C. it provides more incentive for people to try to better themselves. D. it improves efficiency in the economy.
Suppose you put $500 in your savings account and earn 4% interest per year. How much will you have in your account after two years? Be sure to round off to the nearest cent
What will be an ideal response?
When a firm ignores the opportunity cost of capital when making investment or shutdown decisions, this is a case of
a. Fixed-cost fallacy b. Sunk-cost fallacy c. Hidden-cost fallacy d. None of the above