An increase in the spending multiplier causes the IS curve to
A. become flatter.
B. shift to the left.
C. become steeper.
D. shift temporarily to having a positive slope.
Answer: A
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Pick the true statement below:
A) All scarce goods are normal goods. B) All scarce goods are inferior goods. C) A normal goods is a scarce good. D) An inferior good is a bad.
In the above figure, while moving along the line showing the relationship between household income and expenditure
A) household expenditures are held constant. B) household income is held constant. C) the interest rate is held constant. D) no variable is held constant.
Privatization is a process of
a. breaking up large government companies into small government companies b. selling government companies to private individuals c. consolidating small government companies into larger ones d. government buying private companies e. none of the above
A jar has 20 red jelly beans and 40 black jelly beans. If you pick a red jelly bean and put it back, what are the odds of picking a red jelly bean next?
A) 20/40 B) 20/60 C) 40/60 D) 0