(Consider This) Voter failure describes the situation where:
A. an insufficient number of voters turn out to express their preferences.
B. voter preferences cannot be adequately captured because of a voting paradox.
C. voters support policies that would reduce productive and allocative efficiency.
D. government officials make poor decisions that contradict voter preferences.
Answer: C
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An increase in the money ________ shifts the LM curve to the ________, causing the interest rate to fall and output to rise, everything else held constant
A) demand; right B) demand; left C) supply; right D) supply; left
Suppose a national government increased its deficit and had to borrow $25 billion. The net effect on the banking system would be to:
a. Reduce bank reserves by $25 billion and reduce bank deposits by $25 billion. b. Increase bank reserves by $25 billion and increase bank deposits by $25 billion. c. Decrease government checking accounts in the banking system by $25 billion and increase the public's checking accounts there by $25 billion. d. Increase government checking accounts in the banking system by $25 billion and increase the public's checking accounts there by $25 billion. e. Increase government checking accounts in the banking system by $25 billion and reduce the public's checking accounts there by $25 billion.
Due to an economic recession, manufacturing firms began implementing layoffs of their workforces.
A. An increase in the price of automobiles will lead to a decrease in the quantity of automobiles demanded. B. Due to process innovations in computer chip manufacturing, the market supply of computers increased. C. Due to an economic recession, manufacturing firms began implementing layoffs of their workforces. D. Anticipating that the benefits would outweigh costs involved, an undergraduate student purchases the course textbook.
What is the nominal value of money?
A. what can be purchased with the money B. discounts taken by multiple purchases C. savings by shopping on specific days of the week D. its actual face value