Which of the following sequence of events follows an increase in net taxes?
A) AE? Y? Md? r? I? AE?.
B) AE? Y? Md? r? I? AE?.
C) AE? Y? Md? r? I? AE?.
D) AE? Y? Md? r? I? AE?.
Answer: D) AE? Y? Md? r? I? AE?.
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Which of the following is an example of unconventional monetary policy?
a. the Federal Reserve selling T-bills b. the Federal Reserve decreasing the discount rate c. the Federal Reserve purchasing mortgage-backed securities d. none of the above
A decrease in the productivity of workers shifts the labor ________ curve to the ________.
A. supply; right B. demand; right C. supply; left D. demand; left
Refer to the information provided in Figure 34.3 below to answer the question(s) that follow.
Figure 34.3Refer to Figure 34.3. If the British income decreases, the supply of pounds will
A. shift from S1 to S0. B. shift from S0 to S1. C. shift from S2 to S1. D. not change.
Refer to the given information. Zippo has a:
The plus items below are “export-type” entries and the minus items are “import-type” entries in the balance of payments for the hypothetical country of Zippo.
A. current account surplus.
B. financial account deficit.
C. financial account surplus.
D. surplus on goods and services.