Everything else held constant, a depreciation of the domestic currency will cause the IS curve to shift to the ________ and aggregate demand will ________
A) right; increase
B) right; decrease
C) left; increase
D) left; decrease
A
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The measured unemployment rate tends to overstate the unemployment problem
Indicate whether the statement is true or false
Models are used to describe cause-and-effect relationships
a. True b. False Indicate whether the statement is true or false
A limitation on fiscal policy is time. Which of the following does not impact the timeliness of fiscal policy?
A. It takes time to recognize that the economy is in trouble. B. It will take time to develop a policy strategy and for Congress to pass it. C. All of these impact the timeliness of fiscal policy. D. It will take time for the policy to be implemented and for the many steps in the multiplier process to unfold.
Firms are prohibited from entering into contracts, combinations, and conspiracies that restrain trade by:
A. Section 8 of the Clayton Act. B. the Wheeler-Lea Act. C. Section 2 of the Sherman Act. D. Section 1 of the Sherman Act.