At lower interest rates the
A) money supply is lower. B) quantity of money demanded is higher.
C) money supply is indeterminate. D) quantity of money demanded is lower.
B
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Total taxes minus transfer payments minus government interest payments is called:
A. a budget surplus. B. a budget deficit. C. national saving. D. net taxes.
With a monopolist's outcome, consumer surplus is:
A. higher than that of a competitive market. B. lower than that of a competitive market. C. the same as that of a competitive market. D. Any of these is possible.
The amount of U.S. exports purchased by the rest of the world is primarily determined by
a. real disposable income in the United States b. real disposable income in other nations c. the real interest rate in other nations d. the real interest rate in the United States e. the government budget deficits in other nations