An increase in the price of the good measured on the horizontal axis will cause the budget line to:
A. shift outward.
B. become steeper.
C. become flatter.
D. shift inward.
B. become steeper.
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Which of the following is an argument against free trade?
A) protecting infant industries B) protecting against dumping C) protecting domestic jobs D) all of the above
For a given shift of the aggregate demand curve, the ________ the short-run aggregate supply curve, the ________ the increase in the real GDP and the ________ the increase in the price level
a. steeper; larger; smaller b. steeper; smaller; larger c. more flat; smaller; smaller d. steeper; larger; larger
If the Fed is increasing its holdings of government bonds at the same time the federal deficit is increasing,
A. the Fed and the Treasury are, as usual, coordinating activities. B. crowding out is more likely to occur. C. the debt is being monetized. D. the Fed is attempting to increase interest rates.
Market clearing price
A. exists at a the point at which quantity demanded equals quantity supplied. B. refers to a movement along the demand curve. C. refers to a surplus. D. refers to a supply curve.