Those that believe that the recent period of slow growth will pass and that higher levels of growth can be created through liberal policies focus on
A. redistributive tax, entitlement spending, and increased government spending.
B. redistributive tax alone.
C. increased government spending alone.
D. entitlement spending alone.
Answer: A
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What Causes Rates to Change?
Use the following graphs to answer the next question.
"The bigger the volume, the lower the cost, and we pass the savings on to you" is a familiar slogan. Its idea is illustrated in which of the above graphs?
A. Graph 1 B. Graph 2 C. Graph 3 D. Graph 4
Other things equal, if the central bank raises the target inflation rate, this would result in the
A) AD curve shifting temporarily to the right. B) AD curve shifting permanently to the right. C) AS curve shifting temporarily to the left. D) AS curve shifting permanently to the left.
Cross elasticity of demand for
a. substitutes will normally be positive. b. complements will normally be positive. c. substitutes will normally be negative. d. complements will normally be infinite.