An increase in the U.S. price level (foreign prices held constant) will cause a leftward shift in the aggregate demand curve.
Answer the following statement true (T) or false (F)
False
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Lowering the reserve requirement ________.
A. reduces the amount of excess reserves the banks keep B. turns required reserves into excess reserves C. increases the total reserves in the banking system D. also reduces the discount rate
B. Structural unemployment.
A. Frictionally unemployed B. Structurally unemployed C. Cyclical unemployed D. Seasonally unemployed
Which of the following has overseen the global rules of government policy toward international trade since 1995?
A. The World Trade Organization B. The General Agreement on Tariffs and Trade C. The World Bank D. The International Monetary Fund
Suppose that a $0.75-tax is placed on gasoline. Under what circumstances will gasoline sellers end up shouldering the full burden of the tax?
A. If supply is perfectly inelastic, and demand is downward-sloping B. If demand is perfectly inelastic, and supply is upward-sloping C. If supply is upward-sloping and demand is perfectly elastic D. The consumer and the seller always share the burden of the tax