In the diagram above, which figure(s) show(s) a direct relationship between the variables?
A) both A and C
B) only D
C) only A
D) both B and C
E) only B
A
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In the Keynesian model,
a. the autonomous expenditure multiplier is lower than the tax multiplier. b. the autonomous tax multiplier is positive and large. c. the autonomous tax multiplier is larger (in absolute value) than the tax multiplier. d. the tax multiplier is equal to 1. e. none of the above.
The Nobel Prize-winning economist from Harvard who developed the capabilities approach is:
A. Amartya Sen. B. Milton Friedman. C. John Kenneth Galbraith. D. Gary Becker.
Where would a country such as Japan get U.S. dollars in order to engage in managed float?
a. It would print them. b. It would use its reserve of dollars. c. It would sell yen on the open market in exchange for U.S. dollars. d. Since Japan's currency is the yen, it would not be able to obtain U.S. dollars. e. It would borrow U.S. dollars form the U.S.
In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. A decrease in the number of consumers of product X will:
A. increase D, increase P, and increase Q. B. decrease S, decrease P, and decrease Q. C. decrease D, decrease P, and increase Q. D. decrease D, decrease P, and decrease Q.