Which of the following groups makes it a point to emphasize that inflation occurs when the annual rate of growth of the money supply exceeds the annual rate of growth of full- employment real GDP?
a. the classical school
b. the Keynesian school
c. the neo-Keynesian school
d. the rational expectations school
e. supply-siders
A
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Other things remaining the same, if the U.S. interest rate differential increases, the demand curve for U.S. dollars shifts ________ and the supply curve of U.S. dollars shifts ________
A) rightward; rightward B) rightward; leftward C) leftward; rightward D) leftward; leftward
The U.S. federal government obtains most of its revenues through taxes from three sources. Which of the following is not one of those three main sources of federal revenue?
A) corporate income taxes B) social insurance taxes C) sales and excise taxes D) individual income taxes
Which of the variables does not pass the t-test at the .05 level of significance?
A) PA B) PB C) A D) I E) All the variables pass the t-test.
Refer to the accompanying figure. If Laura and Chris are the only two consumers in this market, then when the price of hamburger decreases from $2.50 to $2.00 per pound, the quantity demanded in the market will ________ by ________ pound(s) per week.
A. increase; 1.5 B. decrease; 1 C. decrease; 1.5 D. increase; 1