By 1900, _____ states had a state board of health
a. 17
b. 32
c. 37
d. all
d
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Which of the following is an incorrect statement?
a. Macroeconomic equilibrium occurs at the intersection of the aggregate demand and aggregate supply curves. b. The aggregate supply curve indicates a positive relationship between the price level and GDP. c. Other things equal, a downward shift of the aggregate demand curve implies that the economy is entering a contractionary phase. d. Aggregate demand and aggregate supply determine the equilibrium price and quantity of any given good. e. The aggregate demand curve indicates a negative relationship between the price level and GDP.
If the United States looks more economically and politically stable relative to the rest of the world, this will
A. have no effect on the demand for dollars. B. increase the demand for dollars. C. decrease the demand for dollars. D. stop all trading between the currencies of the United States and other countries.
A policymaker that wants to make sure that the services of the government continue to be provided during a time when there are a growing number of people that rely on them is likely to argue for the use of
A. crowding out. B. baseline budgeting. C. regressive taxes. D. current services budgeting.
Refer to the information provided in Figure 32.2 below to answer the question(s) that follow.
Figure 32.2Refer to Figure 32.2. According to Keynes, an increase in government spending or an increase in money supply will
A. shift AD1 to the right. B. shift LRAS to the right. C. shift AD1 to the left. D. shift AS1 to the right.