Which of the following would likely result in a shift of the aggregate demand curve to the right?
A. a tax cut
B. a rise in the real interest rate
C. a decrease in the quantity of money in circulation
D. a decrease in job security
Answer: A
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Profits will be maximized when the slope of the total revenue curve and the slope of the total cost curve are equal
a. True b. False Indicate whether the statement is true or false
During a recession:
a. Net exports tend to rise. b. Consumption tends to rise. c. Net exports remain unchanged. d. Businesses tend to invest more in new plant and equipment. e. Inventories tend to fall as businesses sell them off.
Politicians will usually
A) prefer to discuss means rather than ends. B) prefer to discuss the issues in specific terms rather than in general terms. C) not like to be perceived as either an extreme "right-winger" or an extreme "left-winger." D) refer to their opponents as "middle-of-the-roaders."
Open market operations designed to fight inflation will drive interest rates _____ and bond prices ______.
Fill in the blank(s) with the appropriate word(s).