Suppose the government of Japan increases its expenditure on goods and services. In the short run, this increase will
a) shift the AD curve in Japan rightward
b) shift the AD curve in Japan leftward
c) cause the price level in Japan to fall
d) none of the above is correct
a) shift the AD curve in Japan rightward
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A capital shortage results from insufficient capital to meet our national "needs."
A. True B. False C. Uncertain
Commercial policy is a government policy aimed at influencing:
a. the operation of commercial banks. b. domestic trade flows. c. domestic private corporations. d. international trade flows. e. the operation of capital markets.
The potential money multiplier for the banking system in the above table is
A. 5. B. 1. C. 10. D. 9.
Refer to Table 2-20. What is Japan's opportunity cost of producing one pound of rice?
A) 0.04 units of a wristwatch B) 4 wristwatches C) 25 wristwatches D) 40 wristwatches