A country is said to be experiencing deflation when
A) prices of most goods and services are rising over time.
B) prices of most goods and services are falling over time.
C) total output is rising over time.
D) total output is falling over time.
B
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The expenditure components of GDP include all of the following except
A) consumption. B) investment. C) net exports. D) net factor payments.
Which of the following is not a possible solution to the holdout problem?
a. eminent domain b. contingency contracts c. Dutch auction d. hiding your intentions
The demand for money rises. According to the Keynesian transmission mechanism, the interest rate __________, investment spending __________ (assuming it is interest-sensitive), the AD curve shifts to the __________ and if the AS curve is horizontal, Real GDP __________
A) rises; falls; left; rises B) falls; rises; right; does not change C) rises; falls; right; rises D) falls; falls; left; does not change E) rises; falls; left; falls
A change in the quantity demanded of hamburgers occurs only when the price of hamburgers changes.