If government spending decreases, which of the following would occur?
a. An increase in GDP, an increase in the price level, an increase in money demand, and an increase in the interest rate
b. An increase in GDP, a decrease in the price level, an increase in money demand, and a decrease in the interest rate
c. A decrease in GDP, a decrease in the price level, a decrease in money demand, and a decrease in the interest rate
d. A decrease in GDP, a decrease in the price level, an increase in money demand, and an increase in the interest rate
e. An increase in GDP, an increase in the price level, a decrease in money demand, and a decrease in the interest rate.
C
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A(n) ________ is represented by a leftward shift of the demand curve while a(n) ________ is represented by a movement along a given demand curve
A) increase in demand; decrease in quantity demanded B) decrease in demand; increase in demand C) decrease in demand; increase in quantity demanded D) decrease in quantity demanded; decrease in demand
Economic progress
a. indicates that scarcity is no longer a problem. b. indicates income levels are higher even though environmental and health conditions have worsened. c. requires that individuals work longer hours. d. reflects that people are achieving higher income levels and living standards.
If workers in an industry become less productive, we would expect the supply of workers to increase.
A) supply of workers to increase.
B) supply of workers to decrease.
C) demand for workers to decrease.
D) demand for workers to increase.
The root cause of our selling off piece after piece of our country can be traced to
A. our low interest rates. B. our high tax rates. C. our large trade deficits. D. our low cost of living.