Suppose the equilibrium quantity of movie tickets is 1000. If the demand curve shifts ________, the equilibrium quantity of movie tickets will ________
A) leftward; increase
B) rightward; decrease
C) rightward; not change
D) leftward; not change
E) rightward; increase
E
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Assuming initially that the required reserve ratio = 15%, the currency-deposit ratio = 40%, and the excess reserve ratio = 5%, an increase in the excess reserve ratio to 10% causes the M1 money multiplier to ________, everything else held constant
A) increase from 2.15 to 2.33 B) decrease from 2.33 to 2.15 C) increase from 1.54 to 1.67 D) decrease from 1.67 to 1.54
Refer to the above figure. If the market price is equal to A, which statement can be made about economic profits?
A) Economic profits are positive and equal to ABCG. B) Economic profits are positive and equal to ABEF. C) Economic profits are negative and equal to GCEF. D) Economic profits are negative and equal to ABQ 0.
Which of the following will be included in the current year's gross domestic product (GDP)?
a. The sale price of equipment produced last year but sold this year b. The money spent by Kate on the purchase of new furniture c. The money spent by Barney on the purchase of his uncle's house d. The sale price of the stock purchased by John e. The opportunity cost of the time spent by Bruno cooking lunch for his neighbor
Expansionary fiscal policy increases the level of aggregate demand by
a. increasing consumption by raising disposable income through increased government purchases through increased spending by the federal government. b. increasing consumption by raising disposable income through raising after-tax profits through cuts in business taxes. c. increasing consumption by raising disposable income through increased federal grants to state and local governments. d. increasing consumption by raising disposable income through cuts in personal income taxes or payroll taxes.