In a single month, the Russian ruble declined some 90 percent against the dollar. In Russia, which of the following policies could have slowed this decline?
A. A reduction in the money supply
B. An increase in the money supply
C. A reduction in income tax rates
D. An increase in income tax rates
Answer: A
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If the price of Pepsi decreases, all else held constant, then we'd expect to see a consequent shift of the demand curve for
A. Pepsi to the right. B. Coke to the right. C. Coke to the left. D. Pepsi to the left.
The In the News article in the text titled "Fiscal Policy in the Great Depression" discusses fiscal spending and taxation. During the Great Depression, the federal government pursued a policy of fiscal restraint that led to
A. An increase in aggregate demand. B. An increase in taxes. C. A decrease in the structural deficit. D. An increase in the structural deficit.
If the price in the market for a commodity is above the market equilibrium price, the:
A) price will remain unchanged. B) price will rise to clear the market. C) quantity supplied exceeds the quantity demanded. D) quantity demanded exceeds the quantity supplied
Economic growth due to labor force expansion or capital investments will result inI.A leftward shift of short-run aggregate supply.II.A rightward shift in long-run aggregate supply.
A. I only B. II only C. Both I and II D. Neither I nor II