To try and stave off a devaluation of its fixed currency, Argentina was required to
A. lower interest rates.
B. reduce tax levels.
C. increase its money supplies.
D. increase interest rates.
Answer: D
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When taxes are cut, aggregate demand ________ and aggregate supply ________
A) decreases; increases B) increases; increases C) increases; does not change D) increases; decreases E) decreases; decreases
The aggregate demand curve illustrates the relationship between ________ and the ________, holding constant all other factors that affect aggregate expenditure
A) the inflation rate; quantity of planned aggregate expenditure B) the price level; quantity of consumption expenditure C) the price level; quantity of planned aggregate expenditure D) the price level; quantity of planned investment expenditure
A major advantage to owners of convertible stock over preferred stock is that they are the first claimants to the corporation's dividends
Indicate whether the statement is true or false
When the price of a resource goes up and firms seek other suitable resources, this is called the
a. substitution in production effect. b. substitution in demand effect. c. elasticity effect. d. inelasticity effect.