A massive selling of domestic currency assets by domestic and foreign financial investors is called:
A. a speculative attack.
B. protectionism.
C. a currency revaluation.
D. a currency devaluation.
Answer: A
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If taxes
a. increase, then consumption increases, and aggregate demand shifts leftward. b. increase, then consumption decreases, and aggregate demand shifts rightward. c. decrease, then consumption increases, and aggregate demand shifts rightward. d. decrease, then consumption decreases, and aggregate demand shifts leftward.
Why do permanent tax cuts have a greater impact on consumption than temporary tax cuts?
A. Permanent tax cuts have a greater effect on expected long-run inflation. B. Permanent tax cuts are perceived as minor while temporary tax cuts are larger and more effective. C. Permanent tax cuts cause movement along the consumption function, while temporary tax cuts shift the consumption function. D. Permanent tax cuts affect expectations of long-run income more than temporary tax cuts.
As of 2014, the Social Security program (excluding Medicare) constitutes what percentage of U.S. GDP?
A. 8.5 percent. B. 12.2 percent. C. less than one-half of 1 percent. D. 11.4 percent.
Which of the following is NOT a common characteristic of oligopoly?
A) strategic dependence among firms in the industry B) product differentiation C) barriers to entry D) marginal cost pricing.