A Congressional representative who calls for a decrease in tax rates in order to increase saving, work effort, and economic growth would most likely be advocating:
A. An easy money policy
B. A tight money policy
C. A supply-side fiscal policy
D. A contractionary fiscal policy
C. A supply-side fiscal policy
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If expected profit falls, the demand for loanable funds curve shifts ________, and the real interest rate ________
A) leftward; does not change B) leftward; rises C) leftward; falls D) rightward; falls E) rightward; rises
The schedules in the table give the marginal social benefit and marginal social cost of a DVD. If the number of DVD produced is cut to 2 a week, then the ________
A) minimum supply-price of the second DVD is $18 B) price is $18 a DVD C) opportunity cost of the second DVD is $22 D) value of the second DVD is $20
If the money supply is $500 and nominal income is $3,000, the velocity of money is
A) 1/60. B) 1/6. C) 6. D) 60.
_____ includes products that can be transported over telephone and computer networks at ever-lower costs
a. Digital information b. Analog information c. Strategic information d. Primary information