The decisions on the part of the government to increase spending by $5 billion will have the largest impact on aggregate demand when the spending is financed by the sale of bonds to
a. the member banks.
b. the public.
c. the Fed.
d. foreigners.
c
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Refer to above figure. The loss of Consumer Surplus due to the tariff equals ________
Fill in the blank(s) with correct word
A GDP price index of 130 in year 2 means that ________.
A. prices in year 2 are on average 130% higher than in the base year B. prices in year 2 are on average 13 times that in the base year C. nominal GDP is 130% higher than real GDP in year 2 D. prices in year 2 are on average 30% higher than in the base year
The longer the time frame involved, the more likely it is that the demand will be relatively
A) elastic. B) inelastic. C) steep. D) flat.
The export supply curve shows a country's:
a. domestic surplus at various prices below the "no-trade" equilibrium price. b. domestic shortage at various prices below the "no-trade" equilibrium price. c. domestic supply at the "no-trade" equilibrium price. d. domestic surplus at various prices above the "no-trade" equilibrium price. e. domestic shortage at various prices above the "no-trade" equilibrium price.