Other things being equal, an increase in the rate of interest causes a(n):
A. upward movement along the demand for money curve.
B. downward movement along the demand for money curve.
C. rightward shift of the demand for money curve.
D. leftward shift of the demand for money curve.
Answer: A
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Cutting taxes
A) will raise disposable income and lower spending. B) will lower disposable income and raise spending. C) will raise disposable income and raise spending. D) will lower disposable income and lower spending.
According to William Safire, “helpfulism” is basically protectionism.
Answer the following statement true (T) or false (F)
Suppose consumption decreases at each price level. As a result, aggregate demand __________, and the AD curve shifts __________
A) increases; leftward B) decreases; leftward C) increases; rightward D) decreases; rightward
The argument that supply of apartments is inelastic in the short run is based on the idea that
A. it takes time to build new apartments. B. it is costly to move to a different location. C. landlords will fix up many new apartments when there are small changes in rent. D. people will change apartments quickly when there are small changes in rent.