An unexpected fall in Retail Sales should send bond prices __________ and stock prices __________
A) up; up
B) up; down
C) down; up
D) down; down
B
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Real GDP is not a perfect measure of economic well-being because it excludes the value of all of the following except:
A. goods and services produced in the underground economy. B. goods and services available in the market economy. C. leisure time. D. nonmarket economic activity.
Refer to the scenario above. What is the quantity effect of the price change?
A) $1,400 B) $2,700 C) $5,400 D) $6,750
A new Mexican restaurant opens in the city of Manchester. The other restaurant owners are not happy about this new restaurant because they are experiencing what externality?
The spending multiplier is defined as:
A. the ratio of the change in equilibrium real GDP to the initial change in spending. B. the change in initial spending divided by the change in personal income. C. 1 / (marginal propensity to consume). D. 1 / (1 ? marginal propensity to save).