A decrease in aggregate demand in the short run will reduce ________.
A. the price level and increase the real domestic output
B. the real domestic output and have no effect on the price level
C. both real output and the price level
D. the price level and have no effect on real domestic output
Answer: C
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Congressman Flack votes for a program that will benefit the constituents of Congressman Walpole. Which of the following explanations for Flack's vote is most consistent with the public choice model?
A) Congressman Flack did not have time to read and understand all of the legislation he voted on. Members of Congress often depend on their staffs to read proposed legislation and recommend how they should vote. B) Legislators such as Congressman Flack are similar to other decision-makers in that they sometimes make irrational choices. C) Congressman Flack expects Congressman Walpole's support for programs that will benefit Flack's constituents. D) Congressman Flack will support programs of legislators from his own party, regardless of who benefits from these programs.
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a. fell; fell b. rose; rose c. fell; rose d. rose; fell
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