Aggregate demand changes when government expenditure on national defense increases by $100 billion. Aggregate demand ________ by ________ than $100 billion because government expenditure ________ induced expenditure
A) decreases; more; decreases
B) decreases; less; increases
C) increases; less; increases
D) increases; more; increases
E) increases; more; decreases
D
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During which round of negotiations did the WTO toughen its stance against domestic policies that limit trade?
a. Bretton Woods b. Uruguay c. Doha d. The WTO never toughened its stance against domestic policies.
Refer to the following graphs.
A recent report indicated that 50 intensive-care unit patients die for every 1,000 who are managed with a heart device known as the right heart catheter. Suppose as a result, the FDA limited supply of the heart catheters. The effect of the report and subsequent action by the FDA on the market for right heart catheters is best shown by which of the graphs?
A. I B. II C. III D. IV
Another name for a shortage is
A. equilibrium. B. excess quantity supplied. C. market clearing. D. excess quantity demanded.
A commercial bank has required reserves of $60 million and the reserve ratio is 20 percent. How much are the commercial bank's checkable-deposit liabilities?
A. $120 million B. $900 million C. $300 million D. $1,200 million