If the federal government borrows from the private sector to pay for increased budget deficits and interest rates increase, this will cause
A) a decrease in planned investment and planned consumption.
B) an increase in planned investment and planned consumption.
C) a decrease in planned investment and an increase in planned consumption.
D) an increase in planned investment and a decrease in planned consumption.
A
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Which of the following is considered to be a variable cost of operating an automobile?
a. insurance b. taxes c. car loan payment d. tires e. license and registration fees
Which of the following is a normative statement?
A. A decrease in price leads to an increase in quantity consumed. B. Incomes grow more rapidly in high-tax states than low-tax states. C. People would be better off if government expenditures were higher. D. People will buy less butter at $1.50 per pound than they will at $1 per pound.
In the spring, I enjoy the fragrance coming from my neighbors' flowers. The fragrance is is an example of
A) a negative externality. B) a private good. C) the need for antitrust legislation. D) a free rider problem.
Developing countries (DVCs) can be subdivided into the following groups, except:
A. Low-income economies B. High-income economies C. Lower-middle-income economies D. Upper-middle-income economies