When US inflation is rising, ___
a. purchasing power will increase
b. $100 will buy fewer goods and services today than last year
c. the value of the dollar is rising
d. all
Ans: b. $100 will buy fewer goods and services today than last year
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The quantity of real GDP demanded equals $16.4 trillion when the price level is 95. If the price level falls to 90, the quantity of real GDP demanded equals
A) less than $16.4 trillion. B) $16.4 trillion. C) more than $16.4 trillion. D) more information is needed to determine if the quantity of real GDP demanded increases, decreases, or does not change.
If mining companies are able to shift some of their production costs onto outside parties, the actual output of mines is likely to fall short of society's ideal
a. True b. False Indicate whether the statement is true or false
In 2017, an income of $125,000 would, roughly, make a family
A. richer than 40 percent of U.S. households but poorer than 35 percent. B. richer than 50 percent of U.S. households but poorer than 25 percent. C. richer than 85 percent of U.S. households but poorer than 8 percent. D. richer than 95 percent of U.S. households but poorer than 1 percent.
According to the Ricardo-Barro effect, if the government runs a budget deficit of $100 billion, by how much does the amount of equilibrium investment increase or decrease?
What will be an ideal response?