When planned autonomous spending rises, the planned expenditure line
A) makes a parallel shift downward.
B) makes a parallel shift upward.
C) pivots upward from the vertical intercept.
D) pivots downward from the vertical intercept.
B
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A ________ person is indifferent to a bet that has zero expected value
A) risk-neutral B) risk-loving C) risk-averse D) rent-seeking
Does expansionary fiscal policy directly increase the money supply? Isn't it true that the president and Congress fight recessions by spending more money?
What will be an ideal response?
Which of the following contributed to the downfall of the Soviet Union in 1991?
A) the lack of a strong dictator who could coordinate economic activities B) an overabundance of high-quality goods and services C) an inability to produce low-cost consumer goods that households wanted D) government dissatisfaction with high living standards and political freedom
What was a secondary objective of the Bretton Woods system?
a. help defeat communism and promote peace b. strengthen the concept of trade reciprocity c. reinstate isolationist policy for the U.S. d. establish the U.S. as economic hegemon