A rightward shift in the demand curve is called a(an):
a. decrease in output.
b. decrease in demand.
c. increase in demand.
d. increase in income.
c
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Which of the following would be the most accurate means for the government to obtain information about the value of irrigation water for farmers to be supplied by the construction of a new dam?
a. Survey the farmers. b. Hire experts to provide an estimate. c. Use the current cost to farmers of withdrawing water from underground sources. d. Conduct an economic study of how an increase in water supply would affect farmer income.
In the two-gap model, which of the following gaps, when binding, leads to foreign aid having the largest impact on GNP?
(a) Fiscal gap. (b) Savings gap. (c) Foreign exchange gap. (d) None of the above.
Make the case for and against an independent Federal Reserve
What will be an ideal response?
If the economy produces its potential output level, then unemployment is at the natural rate and the actual price level is equal to what producers and others expected. Consequently there is no tendency for price or output to change
Indicate whether the statement is true or false