Ceteris paribus, which of the following would cause the aggregate demand curve to shift to the right?
a. higher personal taxes
b. a rise in consumer confidence
c. reduced stock market wealth
d. a reduction in transfer payments
b
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The sum of past federal deficits is reflected in the federal:
a. cyclical debt. b. Congressional debt. c. national debt. d. GDP debt.
If you were a lender, which of the following unexpected changes in inflation would you prefer once you have issued a long term fixed rate loan?
a. An increase from 2% inflation to 6% inflation. b. An increase from 7% inflation to 10% inflation. c. A decrease from 14% inflation to 8% inflation. d. A decrease from 6% inflation to 3%.
A price ceiling is a government-mandated
A) minimum price below which legal trades cannot be made. B) maximum price above which legal trades cannot be made. C) minimum price above which legal trades cannot be made. D) maximum price below which legal trades cannot be made.
Government policy to reduce unemployment and increase national output can be illustrated by an
A. outward shift of the aggregate demand curve caused by an increase in government spending. B. outward shift of the aggregate supply curve caused by a reduction in government spending. C. inward shift of the aggregate demand curve caused by an increase in government spending. D. inward shift of the aggregate supply curve caused by a reduction in government spending.