Unemployment would decrease and prices would increase if
a. aggregate demand shifted right.
b. aggregate demand shifted left.
c. aggregate supply shifted right.
d. aggregate supply shifted left.
a
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Our persistent war on poverty has successfully destroyed the poverty trap
Indicate whether the statement is true or false
If a basket of goods costs $10 in the United States and 100,000 rubles in Russia, then purchasing power parity will exist if the exchange rate between the ruble and the dollar is:
A. 0.1 dollars per ruble. B. 1,000 rubles per dollar. C. 0.01 dollars per ruble. D. 10,000 rubles per dollar.
Explain: “The land value tax is the economist’s ideal; it is neutral in its economic effects.”
What will be an ideal response?
Largest crowding out effect occurs when planned investment schedule looks:
A) down sloping and curved B) vertical C) horizontal D) upward sloping and curved