During recessions, taxes tend to
a. rise and thereby increase aggregate demand.
b. rise and thereby decrease aggregate demand.
c. fall and thereby increase aggregate demand.
d. fall and thereby decrease aggregate demand.
c
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MPP is the additional output that results from a one-unit increase in use of the input
a. True b. False Indicate whether the statement is true or false
The term federal funds market refers to the market for overnight interbank reserve loans
a. True b. False Indicate whether the statement is true or false
Miller's Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number of gallons of milk per hour. If the Dairy's productivity is 12 gallons of milk per hour of labor, then how many milkers does the shop employ?
a. 8 b. 10 c. 80 d. 120
A good time for an American to hold German stocks, ceteris paribus, is when the
A. The return in the German stock market has no relationship to the value of the dollar compared to the euro. B. U.S. dollar depreciates in value compared to the euro. C. Euro is stable compared to the U.S. dollar. D. U.S. dollar appreciates in value compared to the euro.