If M were 900, V were 12, and P were 12, how much would PQ be?
What will be an ideal response?
10,800
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Economists would most likely use which of the following to test a hypothesis?
a. using an exact control of variables to determine buying preferences b. observing human behavior in a laboratory setting c. using surveys to ask people about their buying preferences d. observing human behavior in a retail store
Which of these changes is observed in an economy when a recessionary gap is closed in the long run?
What will be an ideal response?
When the government runs a budget deficit, we would expect to see that
A) private saving will fall. B) investment will fall. C) G + TR < T. D) public saving is positive.
In the late 1980s and the early 1990s, the Fed followed a policy of
a. controlling the money supply to stimulate investment b. decreasing interest rates to stimulate investment c. fixing the money supply at a constant rate of growth in order to stimulate investment d. allowing the money supply to increase in order to stimulate international trade e. selling its government bonds in order to reduce the size of the federal government's debt