A decision to increase the parameter ? in the MP curve is an example of ________
A) autonomous easing
B) leftward movement along the curve
C) rightward movement along the curve
D) endogenous response
E) autonomous tightening
E
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If an economy is represented by a point along its production possibilities curve
A) it can produce more of one product only if it produces less of another product. B) it cannot produce more of one product unless it stops producing the other product entirely. C) it can produce more of one product even if it does not produce less of another product. D) it cannot possibly produce more of one product, even if it produces less of another product.
The above table has data from the nation of Atlantica. Based on these data, when disposal income equals $3.0 trillion,
A) dissavings equals $1.0 trillion. B) savings equals $3.0 trillion. C) dissavings equals $4.0 trillion. D) savings equals $4.0 trillion. E) savings equals $1. trillion.
Suppose the central bank announces that it will permanently increase the inflation rate and there is central bank credibility
With adaptive expectations, expectations of inflation will adjust ________, and with rational expectations, expectations of inflation adjust ________. A) slowly; slowly B) slowly; immediately C) immediately; immediately D) immediately; slowly
A public good is any good:
A.) that is paid for by tax dollars. B.) for which it is difficult to exclude users and for which consumption by one person does not subtract from what is available to others. C.) that is consumed by every member of the general public, but use by one person subtracts from what is available for others. D.) that is typically consumed in public places.