An increase in government purchases is likely to
a. decrease interest rates.
b. reduce money demand.
c. crowd out investment spending by business firms.
d. All of the above are correct.
c
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Refer to the scenario above. What is the net present value of buying the warranty?
A) $3.75 B) -$10.18 C) $15.54 D) -$30
Rising velocity means that people want to hold ________ nominal money per dollar of nominal GDP, which ________ the inflationary tendency of an increase in the money supply as one way of re-equating the demand and supply of money
A) more, strengthens B) more, weakens C) less, strengthens D) less, weakens
What has been the economic effect of U.S. immigration in the last two decades?
a. Wages for low-skill jobs have declined. b. Wages for low-skill jobs have increased. c. The supply curve for unskilled labor has shifted to the left. d. Demand for skilled and unskilled labor has increased.
The Bureau of Labor Statistics computes unemployment rates for the entire adult population and for groups based on age, gender, and race
a. True b. False Indicate whether the statement is true or false