Other things being equal, a reduction in taxes will
A) lead to a corresponding reduction in interest rates increasing the crowding out effect.
B) influence the short run aggregate supply curve but not the aggregate demand curve.
C) cause an increase in aggregate demand due to increases in consumption, investment, or net exports.
D) lead to a reduction in the long run aggregate supply curve as businesses enjoy greater profits.
C
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A currency revaluation is a(n):
A. increase in the value of a currency relative to other currencies. B. increase in the official value of a currency in a fixed-exchange-rate system. C. decrease in the value of a currency relative to other currencies. D. reduction in the official value of a currency in a fixed-exchange-rate system.
If money is used as a mechanism to hold purchasing power for a period of time it is functioning as a
A) unit of account. B) medium of exchange. C) store of value. D) standard of value.
Strategic trade policy considerations imply that free trade policies should never be pursued
Indicate whether the statement is true or false
Which of the following statements best describes the changes in life expectancy between 1940-2000 in the US?
a. The life expectancy of females increased substantially but there was little change for males. b. The life expectancy of African American males is higher than that of African American females, but the life expectancy of white males is lower than that of white females. c. The life expectancies of people of all races has remained about the same as advances in health have been offset by declines due to environmental factors. d. The life expectancy of people with Down's Syndrome grew by about 25 times, and the life expectancy of African Americans grew faster than the life expectancy of whites.