Assume that U.S. inflation increased while Germany's inflation stayed the same, there would be:
Answer: An increased U.S. demand for euros and a decreased supply of euros for sale.
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An increase in the price of pork will lead to
A) a movement up along the demand curve. B) a movement down along the demand curve. C) a rightward shift of the demand curve. D) a leftward shift of the demand curve.
In the last 15 years, the U.S. Lorenz curve has
a. become a straight line b. become a decreasing curve c. moved closer to the diagonal d. moved further from the diagonal e. not shifted but there has been an upward movement along the curve
Keynesians and non-Keynesians would largely agree on which one of the following statements?
a. Expansionary fiscal policy will tend to substantially increase current real output. b. Proper timing of discretionary fiscal policy is difficult to achieve. c. The use of discretionary fiscal policy is an important stabilization tool. d. Market forces will automatically direct the economy toward full employment.
The slope of the budget constraint line is the
A) income of consumers divided by the price of each good. B) ratio of this year's income to last year's income. C) rate of exchange between the two goods. D) ratio of different levels of income.