Assume there is an increase in government spending and a reduction in net taxes. With a specific money supply, the consequent:
A. contractionary impact might be lessened by the resulting increase in the interest rate.
B. expansionary impact might be lessened by the resulting increase in the interest rate.
C. contractionary impact might be enhanced by the resulting decline in the interest rate.
D. expansionary impact might be enhanced by the resulting decline in the interest rate.
B. expansionary impact might be lessened by the resulting increase in the interest rate.
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Over time in a growing economy, the long run aggregate supply curve will
A) shift inward to the left. B) shift outward to the right. C) become increasingly stee
A labor union is a group of
a. employees who join together to improve their working conditions b. firms that join together to hire workers c. firms that work together to negotiate better prices in the market d. farmers who work together to receive better prices for their agricultural products e. workers and firm owners who join together to improve working conditions
Grocery store coupons, mail-in rebates, senior discounts, and in-state versus out-of-state tuition fees are all examples of:
a. government intervention. b. price neutrality. c. arbitrage pricing. d. price discrimination. e. illegal business practice.
The expected value of a basket with different outcomes is
a. the average of the values of the different outcomes. b. the average of the values of different outcomes multiplied by the average of the probabilities of the outcomes. c. the sum of the values of the different outcomes. d. the sum of the value of each outcome multiplied by its probability.