Which of the following would likely cause aggregate demand to shift to the right?
A. Increased firm confidence
B. Decreased government spending
C. Increase in the aggregate price level.
D. Increased income taxes
Answer: A
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Holdouts who set a price for land above their opportunity cost and refuse to budge on selling their land for a lower price can reduce the size of the economic pie
Indicate whether the statement is true or false
The marginal cost curve intersects the average variable cost curve at the ________ value of the average variable cost curve.
A. average B. zero C. maximum D. minimum
Refer to above Table 2-1. What is the level of Personal Saving?
A) 100 B) 90 C) 80 D) 130
Suppose the required reserve ratio is 8%, excess reserve-to-deposit ratio is 2%, and the currency-to-deposit ratio is 10%. What is the value of the money multiplier?
What will be an ideal response?