Which of the following is correct?
a. An increase in the money supply causes the interest rate to decrease so that aggregate demand shifts left.
b. An increase in stock prices reduces consumption spending so that aggregate demand shifts left.
c. An increase in the price level causes the exchange rate to rise so that aggregate demand shifts left.
d. A recession in other countries reduces U.S. net exports so that U.S. aggregate demand shifts left.
d
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At the competitive market outcome in the above figure, the
A) producer surplus is equal to $480 million. B) total producer surplus from turkey sales is zero. C) sum of consumer and producer surpluses from turkey is $640 million. D) All of the above answers are correct.
Which of the following tax systems is the most efficient based on the amount spent to collect $100 in taxes?
a. United Kingdom b. Japan c. Canada d. United States e. Russia
If the price of inputs falls and the level of consumer indebtedness rises:
a. Price index falls, and the change in real GDP is uncertain. b. The change in price index is uncertain, and real GDP rises. c. Price index rises, and the change in real GDP is uncertain. d. Price index falls, and real GDP rises. e. Price index falls, and real GDP falls.
In the market for money, the supply curve is made up of
A. savers. B. neither borrowers nor savers. C. a combination of borrowers and savers. D. borrowers.