If the government collects taxes and makes expenditures of a smaller amount, bank reserves
A) are unaffected.
B) may rise or fall.
C) rise.
D) fall.
D
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Refer to the table above. If consumption expenditure increases to $200,000 in the next year, ________, all other variables remaining unchanged
A) gross domestic product will fall to $367,000 B) gross domestic product will increase to $367,000 C) gross domestic product will increase to $400,000 D) gross domestic product will fall to $400,000
Suppose Florida issues an alligator hunting permit to Jackson, who values an alligator hunt at $2,500, instead of Oliver, who values an alligator hunt at $4,000, and alligator hunting permits are allowed to be bought and sold in a secondary market
If Jackson and Oliver agree on a price for Jackson to transfer the permit to Oliver, society would capture ________ cooperative surplus. A) an additional $1,500 of B) no additional C) an additional $6,500 of D) The additional cooperative surplus captured by society would depend on the negotiated price of the permit.
Which figure above shows the effect of a technological advance in the production of pizza?
A) Figure A B) Figure B C) Figure C D) Figure D E) Both Figure A and Figure D
Who organized the Bank of the United States?
A) Alexander Hamilton B) George Washington C) Andrew Jackson D) Woodrow Wilson