The purpose of an expansionary money policy is to:
a. Decrease aggregate demand
b. Increase investment demand
c. Decrease investment demand
d. Increase aggregate demand
d. Increase aggregate demand
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The table above shows the marginal benefit from pizza and the marginal cost of pizza in cans of soda forgone
If ________ pizzas are produced, the quantity of soda that people are willing to give up to get an additional pizza is more than the quantity of soda that they must give up to get that additional pizza. A) any quantity other than 40 B) 40 C) more than 40 D) fewer than 40
One way to increase economic efficiency in saving lives is to
a. shift resources toward methods with low cost per life saved b. shift resources toward methods with high cost per life saved c. allocate more resources to saving lives d. allocate fewer resources to saving lives e. move along the production possibilities frontier and increase the number of lives saved
Net domestic product is the total value of
A) all final goods and services produced within a country's borders in a year. B) only intermediate goods produced within a country's borders in a year. C) all final goods and services produced within a country's borders in a year minus gross private domestic investment. D) only intermediate goods produced within a country's borders in a year plus gross private domestic investment. E) all final goods and services produced within a country's borders in a year minus capital consumption allowance.
A sudden increase in inflation, ceteris paribus,
A. Raises the CPI and reduces real income. B. Raises the real income of lenders relative to borrowers. C. Makes everyone worse off. D. Reduces the nominal income of those who have constant real incomes.