The government’s fiscal policy is its plan for managing ______________ through its spending and taxing programs
A. aggregate demand
B. aggregate supply
C. international trade
D. None of these
Answer: A
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A normal good is a good whose quantity demanded
A. rises when its price falls. B. falls when the price of a related good falls. C. falls when the consumer’s total utility rises. D. rises when the consumer’s real income increases.
The liquidity-money (LM) curve shows the alternative combinations of interest rates and real income that clears the money market
Indicate whether the statement is true or false
In the balance of payments accounts, a net importer of capital is a nation that
What will be an ideal response?
In this graph, what effect does the increase from PL2 to PL3 have?
a. It drives the output up from below capacity to capacity.
b. It drives the output down from beyond capacity to capacity.
c. It stabilizes the output at below capacity.
d. It stabilizes the output at beyond capacity.