Exhibit 16-5 Money, investment and product markets
In Exhibit 16-5, if the interest rate falls from i1 to i2, investment spending will:
A. increase, and aggregate demand will shift from AD1 to AD2.
B. decrease, and aggregate demand will shift from AD2 to AD1.
C. remain the same, and aggregate demand will shift from AD2 to AD3.
D. increase, and aggregate demand will shift from AD2 to AD1.
Answer: A
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Figure 7-8
Of the graphs in Figure 7-8, which diagram is most likely to be the marginal cost?
A. 1 B. 2 C. 3 D. 4
The period between ________ is commonly regarded by economists as a "golden age" of rapid productivity growth in the United States
A) 1898 and 1929 B) 1920 and 1940 C) 1933 and 1965 D) 1948 and 1973
There is a shortage in a market for a product when:
a. The increase in demand is greater than the increase in supply b. Quantity demanded is less than quantity supplied c. Quantity demanded is greater than quantity supplied d. The increase in supply is greater than the increase in demand
If we eliminated our textile tariffs, the dislocated workers could easily switch to other jobs.
Answer the following statement true (T) or false (F)