Which of the following changes is most likely to happen when there is a decrease in the supply of money in a market that was initially in equilibrium?
a. The demand for money increases
b. Planned investment spending increases
c. Interest rate increases
d. Aggregate expenditure increases
e. The demand for money decreases
c
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The chain-weighted index for GDP and the CPI differ in that the CPI
A) asks how much a fixed basket of goods costs in the current year as compared to the cost of those same goods in a base year while the chain-weighted index takes an average of price changes using base years from neighboring years. B) excludes price changes from used and imported goods while the chain-weighted index includes these price changes. C) is calculated by the Commerce Department while the chain-weighted index is calculated by local newspapers. D) is calculated in nominal terms and the chain-weighted index is calculated in real terms.
If technological change increases the profitability of new investments for firms, then the ________ curve for loanable funds will shift to the ________
A) demand; right B) demand; left C) supply; right D) supply; left
Article I, Section 8, clause I of the federal Constitution requires that all "Duties, Imposts, and Excises shall be uniform throughout the United States." Hence, the Sixteenth Amendment to the U.S
Constitution (1913) was needed to grant constitutionality to the unequal taxation of land, its products and income. Indicate whether the statement is true or false
The spending multiplier effect is the result of a shift in the aggregate expenditures (AE) line
a. True b. False Indicate whether the statement is true or false