An increase in the amount of money in circulation would cause a
A) shift of the aggregate demand curve to the right.
B) shift of the aggregate demand curve to the left.
C) movement up the aggregate demand curve.
D) movement down the aggregate demand curve.
A
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If the actual money multiplier equals the potential money multiplier and if the Federal Reserve wishes to increase the money supply by $500 when the reserve ratio is 10 percent, it should
A) buy $5000 of government bonds. B) sell $5000 of government bonds. C) sell $50 of government bonds. D) buy $50 of government bonds.
Marginal product is defined as
a. the increase in revenue that occurs when an additional unit of a resource is added b. the increase in output that occurs when all resources are increased by the same proportion c. the increase in output that occurs when an additional unit of a resource is added, holding all other resources constant d. the amount of additional resources needed to increase output by one unit when all resources are increased by the same amount e. the amount of additional money needed to increase output by one unit when all resources are held constant
Under a negative income tax system, people can make payments to or receive them from the IRS
a. True b. False Indicate whether the statement is true or false
In scientific language, a theory is an untested assertion of alleged fact
a. True b. False Indicate whether the statement is true or false