Which of the following will NOT shift the aggregate demand curve?
A) a change in the price level
B) a change in tax rates
C) a change in the amount of money in circulation
D) a change in real interest rates
A
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Which of the following describes the degree of control that the Fed has over the money supply?
A) The Fed has substantial control over the money supply. B) The Fed has absolute control over the money supply. C) The Fed has no control of the money supply. D) The Fed is not concerned about the level of the money supply, and does not attempt to control it.
Diseconomies of scale at the firm level occur
a. wherever the firm's long-run average cost curve is horizontal b. wherever the firm's long-run total cost curve is horizontal c. where marginal cost equals marginal revenue d. if a firm becomes "too large" e. if any of the firm's plants becomes "too large"
Are we passing the national debt burden on to our children?
Depreciation refers to a decrease in the value of a good caused by
A) an increase in the price level. B) a decrease in the price level. C) "wear and tear" of capital goods over time. D) the depreciation allowance. E) a decrease in purchasing power.