Which of the following statements is correct?
A) An increase in people's expected future income shifts the aggregate demand curve leftward.
B) A tax increase shifts the aggregate demand curve leftward.
C) An increase in potential GDP shifts the aggregate demand curve rightward.
D) An increase in exports shifts the aggregate demand curve leftward.
E) The higher the price level, the larger is the quantity of real GDP demanded.
B
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As the value of U.S. exports ________, the quantity of ________ demanded increases
A) increases; foreign currencies B) increases; dollars C) decreases; dollars D) None of the above is correct because the value of U.S. exports has nothing to do with the quantity of dollars or foreign currency demanded.
Which of the following statements about private and social costs is TRUE?
A) Social costs include externalities. B) Private cost do not include externalities. C) Social costs are never smaller than private costs. D) All of the above.
Recessionary gap arises when
A. inventory stock falls. B. government spending increases. C. when the general price level increases. D. there is less spending than desired.
Which of the following is an example of a final good or service?
A. lumber purchased by a construction company to bin used in building houses B. wheat a bakery purchases to make bread C. coffee beans Starbucks purchases to make coffee D. a computer purchased by Federal Express to track shipments