Discuss the main factors affecting the position of the DD schedule
What will be an ideal response?
The level of government demand, taxes, and investment; the domestic and foreign price levels; variations in domestic consumption behavior; and the foreign demand for home output.
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If the demand curve for economics textbooks shifts to the left, then the value of the marginal product of labor for economics textbook authors will
a. rise. b. fall. c. remain unchanged. d. rise or fall; either is possible.
The primary source of earnings of commercial banks is income derived from
What will be an ideal response?
Price fixing is an arrangement whereby firms agree to:
A. set price equal to marginal revenue. B. set price equal to marginal cost. C. set price equal to average total cost. D. coordinate their pricing decisions.
To increase the money supply using the reserve requirements, what would the Fed typically do?
A. increase the reserve requirement for banks B. reduce the reserve requirement for banks C. make each bank set its own reserve levels D. let each bank get more currency from the Treasury