In an open economy, expansionary monetary policy will cause
A) consumption, investment, and net exports to rise.
B) consumption to fall, but investment and net exports will rise.
C) consumption to rise, but investment and net exports will fall.
D) consumption and investment to rise, but net exports will fall.
A
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Which of the following would cause the IS curve to shift?
A) a change in the multiplier B) a change in business or consumer confidence C) an increase in autonomous tax revenue D) All of these would shift the IS curve.
Majority-rule voting
A) is economically efficient. B) is never economically efficient. C) may or may not be efficient, depending upon the preferences of the voters. D) is economically efficient only in a democracy. E) is economically efficient only if there is a median voter.
Markets for illegal goods
What will be an ideal response?
The notion of ________ is that through income redistribution, the rich sacrifice a little and the poor gain a lot.
A. Rawlsian justice B. distributional justice C. labor value D. utilitarian justice