Suppose there is a reduction in the expected future interest rate. This will cause which of the following to occur?
A) the IS curve to shift left in the current period
B) the IS curve to shift right in the current period
C) the LM curve to shift up in the current period
D) the LM curve to shift down in the current period
B
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Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia gain compared to the "without trade" numbers?
A) 0 B) 10 C) 40 D) 50
If the public believes the commitment to a nominal anchor to be credible, the effect of a positive aggregate demand shock is for ________
A) short-run aggregate supply to shift up B) short-run aggregate supply to be unaffected C) short-run aggregate supply to shift down D) inflation, but not economic activity, to increase
Researchers use cost-of-illness studies to
a. study the burden of a disease b. determine the low-cost option to treat a disease c. compare two or more treatment options when the medical outcome is identical d. increase public awareness of cost of treating certain diseases e. All of the above
The share of industry output accounted for by the top firms in an industry is the industry's concentration ratio.
Answer the following statement true (T) or false (F)