Which of the following shifts the aggregate supply curve leftward?
A) increase in the money wage rate
B) a fall in the price level
C) increase in real GDP
D) decrease in the money price of oil
E) increase in potential GDP
A
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Suppose the dollar is subject to a floating exchange rate system and that R is the number of dollars per unit of foreign exchange. If R increases, then the dollar
A) depreciates. B) appreciates. C) is devalued. D) is revalued. E) Both A and C.
When two U.S. firms announce a merger, and at least one of them meets the legal level of minimum sales, they must notify the:
a. Federal Trade Commission. b. Consumer Financial Protection Bureau. c. Better Business Bureau. d. Department of Commerce.
If the marginal propensity to consume (MPC) is 0.80, and if policy makers wish to increase real GDP $200 billion, then by how much would they have to change taxes?
A. ?$240 million. B. ?$200 million. C. ?$180 million. D. ?$50 million.
Brad details cars and Angelina babysits. Angelina agrees to babysit for Brad's kids if he details her minivan. This is an example of
A. legal tender. B. commodity money. C. barter. D. fiat money.