A decrease in business taxes will tend to:
A. Increase aggregate demand but not change aggregate supply
B. Increase aggregate supply but not change aggregate demand
C. Increase aggregate demand and increase aggregate supply
D. Decrease aggregate supply and decrease aggregate demand
C. Increase aggregate demand and increase aggregate supply
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________ can intervene directly in the foreign exchange market by buying or selling dollars
A) Congress B) The Fed C) The International Monetary Fund D) The U.S. Treasury department
What is a natural oligopoly? How does it arise? Give an example
What will be an ideal response?
As the real wage increases, assuming that the substitution effect dominates, then
a. individuals move to lower indifferent curves and consume less leisure. b. individuals move to higher indifferent curves and consume less leisure. c. individuals move to higher indifferent curves and consume more leisure. d. individuals stay on the same indifferent curve and consume more leisure.
The three members of the commission that originally drew up the boundaries of the Federal Reserve Districts and the locations of the district banks were the
A) Comptroller of the Currency, the Secretary of the Treasury, and the Secretary of Agriculture. B) Secretary of State, the Secretary of the Treasury, and the Speaker of the House of Representatives. C) Secretary of State, the Secretary of Commerce, and the Vice President. D) Secretary of the Treasury, the Secretary of Commerce, and the Vice President.