What happens when the price level falls?
A. Planned real spending on goods increases but planned real spending on services falls.
B. Total planned real spending increases.
C. Total planned real spending remains constant.
D. Total planned real spending also falls.
Answer: B
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Just before, during, and after the recession of 2007-2009, net exports in the United States
A) fell, but remained positive. B) fell and remained negative. C) rose and became positive. D) rose, but remained negative.
The amount of a particular good or service that buyers in a market will purchase at a given price during a specified period is called:
A. quantity demanded. B. quantity supplied. C. demand. D. supply.
One of the initial problems facing the newly elected President Clinton was a large budget deficit
a. True b. False Indicate whether the statement is true or false
When private goods have external benefits:
A. marginal social cost is greater than marginal private cost. B. marginal privates cost is greater than marginal social cost. C. marginal social benefit is greater than marginal private benefit. D. marginal private benefit is greater than marginal social benefit.