If investment spending increases due to increased optimism in the business sector, 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
A
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Multinational businesses produce and sell goods around the world
a. True b. False Indicate whether the statement is true or false
In an open economy, the quantity demanded of bikes in the domestic market is ________.
A. 80,000 B. 20,000 C. 100,000 D. 50,000
The combination of food and clothing shown by point G on the above graph:
A. results only because society allocates its resources inefficiently. B. can be attained only if some of society's resources are unemployed. C. suggests that the law of increasing relative costs is not operating in this case. D. is not attainable, given society's available resources and technology.
Which of the following is an aggregate?
A) the number of shoes in one man's closet B) the bushels of apples one farmer sells C) the price of a particular textbook D) the total production of all goods and services