Apply the AD/AS model to the U.S. economy. The international trade effect is reflected on its _______ and when the price level _________________
a. AS; falls, foreigners buy fewer goods
b. AD; falls, foreigners buy more U.S. goods
c. AS; falls, the aggregate demand curve shifts to the left
d. AS; rises, the aggregate demand curve shifts to the right
e. AS; rises, the supply of U.S.-made goods increases
B
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Use the following graphs to answer the next question.
For which graph are there economies of scale throughout the entire range of output of cars?
A. Graph 1 B. Graph 2 C. Graph 3 D. Graph 4
In order to help the economy recover from a recession using fiscal policy, the government can ________ so that aggregate demand increases
A) cut taxes B) raise taxes C) cut government expenditure on goods and services D) raise interest rates E) decrease the quantity of money
A part of the Jumpstart Our Business Startups (JOBS) Act:
A) banks were required to provide special financing for start ups B) differences between qualified and unaccredited investors were removed C) the SEC is no longer is allowed to regulate funding of business start ups D) Congress removed some of the restrictions on using crowd-funding to allow small investors to buy equity in start-ups
The above figure shows Bob's utility function. He currently has $100 of wealth, but there is a 50% chance that it could all be stolen. To reduce the chance of theft to zero, Bob is willing to pay
A) $20. B) $50. C) $70. D) $80.