Qualitatively, an increase in government purchases has the same impact as an increase in autonomous ________
A) consumption
B) investment
C) net exports
D) all of the above
E) none of the above
D
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When loans are paid off, the bank's assets will decline, deposits will decline, M1 and M1 will decline
a. true b. false
Suppose the government imposes a small carbon tax on automakers. But the price of gasoline has doubled due to a Middle East crisis which has reduced oil production. In the market for autos, these changes mean that supply and demand have both changed with the effect on the demand larger than the effect on the supply. The result is that the price of autos will ________ and the number of autos sold will ________
Fill in the blank(s) with correct word.
Total allowable catch (TAC):
A. explicitly limits the number of days in a season that particular fish may be caught. B. explicitly limits the number of boats allowed to fish in a particular area. C. explicitly limits the number or tonnage of fish that can be harvested from a particular fishery. D. issues tradable permits limiting the number of fish a particular fisher can catch.
Which of the following does free trade encourage?
A. more rapid spread of technology B. domestic industries' access to larger markets C. higher rates of economic growth D. all of these