An appropriate Keynesian response to an inflationary gap is to:
a. decrease net taxes
b. decrease government spending.
c. decrease interest rates.
d. decrease the cash reserve ratio.
b
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he United States' economy was most depressed in
A. 1923. B. 1933. C. 1943. D. 1953.
What was the most important consequence of suburbanization?
A. It made people less dependent on their cars. B. It was very bad for the construction industry. C. It left the cities with large concentrations of poor people. D. It raised the tax bases of most cities.
The effectiveness with which markets bring buyers and sellers together is called
A) pricing efficiency. B) operating efficiency. C) the theory of efficient markets. D) bid-asked spread efficiency.
The demand for microwaves in a certain country is given by: D = 8,000 -30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then this country will ________ microwaves.
A. import 800 B. import 400 C. export 800 D. export