Expansionary fiscal policy actions
A) Result in an increase in national debt.
B) Lead to growth in aggregate demand resulting from lower interest rates.
C) Can be inflationary if the economy is in the Keynesian range of aggregate supply curve.
D) None of the above.
Answer: A
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Refer to Scenario 13.1. If Sammy gets to set the agenda, he will pit ________ in the first round to assure that ________ wins the first round vote
A) calamari and jalapeno poppers; calamari B) calamari and potato skins; calamari C) potato skins and jalapeno poppers; potato skins D) jalapeno poppers and potato skins; jalapeno poppers
The above table gives Sue's marginal utility schedules for sub sandwiches and Mountain Dew, the only products Sue consumes. Suppose initially the price of a sub sandwich is $4 each and the price of a Mountain Dew is $2 each. Sue's income is $12
If the price of subs rises to $6 each, Sue will consume A) more Mountain Dews. B) fewer subs. C) fewer Mountain Dews so that she can still afford to buy two subs. D) Both answers A and B are correct.
Assume that the reserve requirement is 25 percent and that the amount of checkable deposits in Federal Bank is $200 . If the bank has loaned out $120, then the bank's excess reserves must equal:
a. $0. b. $25. c. $30. d. $80. e. $225.
Real GDP measures the:
A. Market value of goods and services produced. B. Standard of living. C. Actual quantity of goods and services produced. D. Level of productivity.