Which of the following statements is correct about a shift of the aggregate demand curve?
a. A shift of the aggregate demand curve to the right leads to a greater real GDP and to downward pressure on the price level.
b. A shift of the aggregate demand curve to the left leads to a greater real GDP and to downward pressure on the price level.
c. A shift of the aggregate demand curve to the right leads to a greater real GDP and to upward pressure on the price level.
d. A shift of the aggregate demand curve to the left leads to a greater real GDP and to upward pressure on the price level.
c. A shift of the aggregate demand curve to the right leads to a greater real GDP and to upward pressure on the price level.
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Which of the following is included in M1?
A. Savings accounts B. Money market deposit accounts C. Money market mutual funds D. Certificates of deposit E. None of the above is included.
After completing your observations of Officer Jones, you are asked to summarize your observations for a study being conducted by an ethicist studying police behavior. Assume that the waitress at the diner was new, and did not know about Officer Jones' arrangement with the owner. She brought a check for the food and coffee, and Officer Jones grudgingly paid. Because the choice of the diner was motivated by Officer Jones' desire for a free meal, ____________ would consider his actions immoral even though he paid.
a. universality
b. ethical formalism
c. utilitarianism
d. teleological ethics
A tariff is a tax on imports imposed by the country that is importing the goods.
Answer the following statement true (T) or false (F)
Which of the following would tend to decrease the demand for carpenters?
a. An increase in the wages of carpenters. b. An increase in the price of houses. c. A decrease in the demand for houses. d. An increase in the supply of carpenters.