The AD curve shifts to the right when
a. the Fed alters its fiscal policy rules
b. any economic shock disrupts the economy
c. the AS curve does not shift
d. new trade legislation is passed
e. positive demand shocks occur
E
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In July 2010, what was the total value of U.S. currency in circulation?
A) $500 million B) $150 billion C) $1080 billion D) $6 trillion
Up until World War II inflation in the U.S. ________
A) remained around zero on average B) rose and remained quite high for an extended period of time C) has gone up and down but has always remained well above zero D) increased by a factor of four every year E) decreased by 30% every year
The theory that government borrowing may function like an increase in taxes, that is, reducing current consumption and business expenditures, is known as
A) the marginal propensity to consume. B) the Ricardian equivalence theorem. C) planned tax policy. D) Congressional Tax policy.
Historically, high-income countries have been the primary contributors to the greenhouse gases that cause global warming. Who are the primary contributors today?
a. Low-income countries b. Developing countries c. Middle-income countries d. High-income countries