The relationship between government spending and the price level explains the:
A. perfect elasticity of the aggregate demand curve.
B. downward-sloping aggregate demand curve.
C. upward-sloping aggregate demand curve.
D. None of these is true.
Answer: D
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Insurance companies reduce risk exposure in exchange for a portion of their insurance premiums by obtaining
A) government loan guarantees. B) federal insurance. C) reinsurance. D) bankers acceptances.
An American citizen works for a U.S.-owned architectural firm located in Mexico. This architect will contribute toward:
A. U.S. GDP since he's a U.S. citizen. B. Mexico's GDP since he's working in Mexico. C. both Mexico's and U.S. GDP. D. U.S. GDP since he's working for a U.S. firm.
If labor productivity in a copper mine is 2.5 tons per worker, then 200 copper miners with a fixed amount of capital produce
A. 125 tons. B. 275 tons. C. 450 tons. D. 500 tons.
Refer to the information provided in Figure 3.11 below to answer the following question(s).
Figure 3.11Refer to Figure 3.11. An increase in supply is represented by the movement from
A. S2 to S1. B. Point B to Point A along supply curve S2. C. S2 to S3. D. Point B to Point C along supply curve S2.