If the level of autonomous spending in an economy increases at a given price level, _____
a. the aggregate expenditure line shifts upward and the economy moves upward along the aggregate demand curve
b. the aggregate expenditure line shifts downward and the economy moves upward along the aggregate demand curve
c. the aggregate expenditure line shifts upward and the aggregate demand curve shifts to the right
d. the aggregate expenditure line shifts downward and the aggregate demand curve shifts to the left
e. the aggregate expenditure curve shifts upward and the aggregate demand curve shifts to the left
c
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The components of a game include
A) the number of players. B) a set of implicit rules. C) perceptions and boundaries. D) all of these choices are included.
As the percentage of the labor force belonging to a union fell in the United States during the 1955 through early 2000 period, the share of national income going to labor
a. increased 10 percent. b. remained approximately the same. c. decreased 10 percent. d. decreased 20 percent.
The yield to maturity for a one-year discount bond equals the increase in price over the year, divided by the
A) initial price. B) face value. C) interest rate. D) coupon rate.
Which of the following would not be included in the measurement of GDP?
A) a bill from a car mechanic B) wages of a card dealer working in a Las Vegas casino C) commissions of a stockbroker D) the increased value of shares of stock E) c and d