If a country faces starvation among its people and therefore cannot afford to improve its infrastructure (thereby inhibiting exports), it will impact its economy by
A. decreasing aggregate demand.
B. increasing aggregate demand.
C. increasing aggregate supply.
D. decreasing aggregate supply.
Answer: A
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Using a broader measure of the unemployment rate where discouraged workers and part-time workers who wished to work full time were counted as unemployed, the BLS estimates the unemployment rate in August 2015 would have ________ compared to the
measured unemployment rate. A) barely changed B) decreased by less than 1 percentage point C) more than doubled D) increased by more than 7 percentage points
What happened to the measure of money, M0, which includes only cash, bank reserves, and deposits at the Federal Reserve during the crisis?
a. It shrank measurably. b. It expanded slightly. c. It more than doubled. d. There was no change in MO.
Compared to state and local spending, federal spending is
A. twice as large. B. about the same. C. half as large. D. one-quarter as large.
Eggs have a supply curve that is linear and upward-sloping and a demand curve that is linear and downward-sloping. If a 2 cent per egg tax is increased to 3 cents, the deadweight loss of the tax
a. increases by exactly 50 percent. b. increases by less than 50 percent and may even decline. c. increases by more than 50 percent.