When the MPC gets smaller, the spending multiplier:
a. gets larger.
b. gets smaller.
c. stays the same.
d. gets smaller at low real GDP, and larger at high real GDP.
e. gets larger at low real GDP, and smaller at high real GDP.
b
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If a new method for obtaining oil from dry oil fields is found, then we will see:
a. the AS curve shift to the left. b. a movement to the left along the AD curve. c. the AD curve shift to the left. d. the AD curve shift to the right. e. the AS curve shift to the right.
Which of the following methods of picking stocks is not consistent with fundamental analysis?
a. doing research such as thoroughly reading and analyzing companies' annual reports b. choosing mutual funds that are managed by individuals with good reputations c. viewing individual stock prices as unpredictable d. relying upon the advice of Wall Street analysts
Among possible union strategies, the one that can both raise wages and add to employment is
A. restricting the supply of workers. B. raising the demand curve for the product or for labor. C. fixing the wage. D. striking frequently.
The Federal Reserve expanded their traditional tools set in the 2007-2009 recession to include
A. government spending policies. B. tax rate changes. C. the purchase of corporate paper. D. labor regulations.