Entrepreneurship
What will be an ideal response?
The activity of setting up a business(es), taking on risk, in the hopes of making a profit
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Fiscal policy can:
A. cause inflation. B. have real effects on the economy in the short run. C. bring the economy to its long run equilibrium faster than it can correct itself. D. All of these are true.
A higher price level causes us to
A) move up along an aggregate demand curve. B) move down along an aggregate demand curve. C) shift the aggregate demand curve to the right. D) shift the aggregate demand curve to the left.
If there are floods or droughts or a decrease in the availability of raw materials
a. aggregate supply shifts right. b. output falls in the short run. c. prices fall in the short run. d. None of the above is correct.
If the MPC for an economy is 0.90, a $4 billion increase in taxes will ultimately cause consumption to decrease by
A. $3.6 billion. B. $40 billion. C. $36 billion. D. $4.4 billion.