Which of the following decreases the demand for money?
A) an increase in income
B) a decrease in real GDP
C) an increase in the price level
D) expectations of higher bond prices
Ans: B) a decrease in real GDP
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Answer the next question using the following budget information for a hypothetical economy. Assume that all budget surpluses are used to pay down the public debt. Government SpendingTax RevenuesGDPYear 1$450$425$2,000Year 25004503,000Year 36005004,000Year 46406205,000Year 56805804,800Year 66006205,000 If year 1 is the first year of this nation's existence and year 6 is the present year, this nation's public debt is
A. $275 billion. B. $3,540 billion. C. $100 billion. D. $230 billion.
Charging "what the traffic will bear" was a tactic commonly pursued by American railroads before they were subjected to regulation
Indicate whether the statement is true or false
Productivity measures: a. how efficiently resources are turned into goods and services
b. how efficiently goods and services are consumed by the consumers. c. the level of skills embodied in a unit of labor. d. the ratio of inputs to a specific amount of output. e. the availability of resources in an economy.
The official poverty rate for the United States for a family of four is approximately:
a. $12,000. b. $16,000. c. $20,000. d. $24,000.