A decrease in planned investment will shift the _____
Fill in the blank(s) with the appropriate word(s).
aggregate demand curve leftward.
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Between 1945 and 1950, the U.S. price level rose by one-third. This increase was complemented by which of the following?
(a) An increase in nominal and real GDP (b) An increase in nominal GDP but a decrease in real GDP (c) An increase in real GDP but a decrease in nominal GDP (d) Stable nominal and real GDP
When bad money drives out good money, the price level will rise
Indicate whether the statement is true or false
According to the rule of 70, a country will double its real GDP per capita in 10 years if it:
A. has a population growth rate of 7 percent. B. experiences a 7 percent growth rate in per-capita GDP. C. has inflation of 7 percent. D. None of these is true.
The figure below depicts the IS-LM-FE model with floating exchange rates.
Following the shift of the economy from point A to point B, the shift of the IS curve from IS1 to IS2 was caused by
A. a worsening of international price competitiveness. B. an improvement in the current account position. C. official intervention in the foreign exchange market. D. a contractionary monetary policy.