The aggregate demand curve would shift to the left if
A) government spending were increased.
B) net taxes were increased.
C) the money supply were increased.
D) the cost of energy were to decrease.
Answer: B) net taxes were increased.
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Commercial banks do NOT
A) buy U.S. government Treasury bills. B) accept deposits from their customers. C) make loans to creditworthy individuals and businesses. D) determine what assets are money.
The income elasticity of demand is the
A) absolute change in quantity demanded resulting from a one unit increase in income. B) percent change in quantity demanded resulting from the absolute increase in income. C) percent change in quantity demanded resulting from a one percent increase in income. D) percent change in income resulting from a one percent increase in quantity demanded. E) percent change in income resulting from a one percent increase in price.
Research has shown that voters are more likely to turn out in elections with ________ electorates and when the election is likely to be ____________.
A. small; very competitive B. large; very competitive C. small; not very competitive D. large; not very competitive
Which of the following pairs of goods would be most likely to be complements?
A) olive oil and vegetable oil B) peanuts and peanut butter C) DVD's and DVD players D) hiking boots and tennis shoes E) all of the above