Most economists believe that import-substitution strategies have been quite successful around the world.
Answer the following statement true (T) or false (F)
False
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An increase in the quantity of money supplied shifts the money supply curve to the ________ and the LM curve to the ________, everything else held constant
A) right; left B) right; right C) left; left D) left; right
In the above figure, along which range would total revenue rise by raising prices?
A) between point a and point b B) between point c and point d C) between point d and point e D) above point a
If the economy is near full employment and Congress cuts taxes, the proper monetary policy should be
a. expansionary to keep the economy fully employed. b. expansionary to counteract the increased deficit. c. contractionary to shift the aggregate demand curve outward. d. contractionary to counteract the effects of fiscal policy.
Refer to the diagram for a private closed economy. At the $300 level of GDP:
A. aggregate expenditures and GDP are equal.
B. consumption is $200 and planned investment is $50.
C. saving exceeds planned investment.
D. consumption plus saving is $400.