If the government were to increase its spending, it would expect:
A. aggregate demand to shift to the right.
B. aggregate demand to shift to the left.
C. aggregate supply to shift to the right.
D. aggregate supply to shift to the left.
A. aggregate demand to shift to the right.
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Refer to the table above. Laborland's net payment to foreigners equals ________
A) -$23 billion B) $20 billion C) -$61 billion D) $23 billion
Induced expenditure includes
A) consumption expenditure, government expenditure on goods and services, and imports. B) investment, consumption expenditures, and exports. C) consumption expenditure and exports. D) consumption expenditure and government expenditure on goods and services. E) consumption expenditure and imports.
The referendum version of the median voter model allows voters to vote on a series of marginally increasing quantities of a good
a. True b. False
Fishing, the lumber industry, tourism, and even city buildings in Canada are harmed by acid rain, most of which comes from the United States. According to the Coase theorem, the problem is
a. easy to solve because the United States and Canada are geographically close b. easy to solve because the United States and Canada are allies c. easy to solve because international property rights are recognized among capitalist countries d. hard to solve because international negotiations are more costly than domestic ones e. hard to solve because Canadians have property rights to clean, nonacidic rain