Exporting nations often agree to voluntary export restraints in an attempt to
A) decrease inflation. B) increase global welfare.
C) avoid more restrictive trade policies. D) employ more workers in the importing nation.
C
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In the short run, an increase in government expenditure on goods and services ________ real GDP and ________ the price level
A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls
If a significant number of consumers switch from consuming traditional baked goods to consuming vegan baked goods, a vegan bakery will likely find its demand curve shifting to the ________ and its marginal revenue curve shifting to the ________ as
more competitors enter the market. A) left; right B) left; left C) right; left D) right; right
When the interest rate is ________, ________ investments in physical capital will earn more than the cost of borrowed funds, so planned investment spending is ________
A) high; few; high B) high; few; low C) low; few; high D) low; many; low E) high; many; high
Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What does planned real saving equal when real disposable income equals? $12,000?
Real Disposable Income Planned Real Consumption ?$0 $3,000 ?2,000 4,400 ?4,000 5,800 ?6,000 7,200 ?8,000 ? 8,600 ?10,000 10,000 ?12,000 11,400 ?14,000 ? 12,800 A) 0 B) 600 C) 3,000 D) 11,400