What is the term for when the production possibilities curve shifts outward?

Expanding, contracting, and managing the money supply is easier for a central bank under the gold standard

Indicate whether the statement is true or false

An increase in the U.S. money supply would cause the value of the dollar to ________ and U.S. net exports to ________ in the short run using a Keynesian model

A) fall; fall B) fall; rise C) rise; rise D) rise; fall

According to the Gordon-Growth model, what is the value of a stock with a dividend of $1, required return on equity of 10% and expected growth rate of dividends of 5%?

A) $2 B) $10 C) $20 D) $21

If the marginal propensity to consume (MPC) is 0.8, the spending multiplier will be

A) 0.2. B) 1.25. C) 4.0. D) 5.0.