The World Bank lends money to countries to
A. finance their international transactions.
B. stabilize their exchange rates.
C. fund wars against dictatorial regimes.
D. promote their economic development.
Answer: D
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If income decreases or the price of a complement rises
A) the demand curve for a normal good shifts leftward. B) the demand curve for a normal good shifts rightward. C) there is an upward movement along the demand curve for the good. D) there is a downward movement along the demand curve for the good.
In the long-run ISLM model and with everything else held constant, the long-run effect of an autonomous increase in investment is to ________ real output and ________ the interest rate
A) increase; increase B) increase; not change C) not change; increase D) not change; decrease
Suppose a consumption function is given as C = $500 + 0.75YD. The marginal propensity to consume is
A. 0.75. B. -0.75. C. 0.25. D. 200.
We cannot predict the effect on the equilibrium quantity, but know that the market clearing price will increase when
A. supply decreases and at the same time demand increases. B. supply and demand decreases simultaneously. C. supply and demand increases simultaneously. D. supply increases and demand increases simultaneously.