Assuming all else equal, if an airline company decides to purchase new planes, it is likely to cause:
A) a downward movement along its credit demand curve.
B) its credit demand curve to shift to the right.
C) an upward movement along its credit demand curve.
D) its credit demand curve to shift to the left.
B
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Goods and services that the United States sells to other nations are called
A) exchanges. B) world goods. C) imports. D) exports. E) bartered goods.
In a short run competitive equilibrium
A) the market demand curve is horizontal. B) the market demand curve is downward sloping. C) the market demand curve is perfectly inelastic. D) All of the above are possible.
Since the Great Depression, business fluctuations have become more severe and longer in duration
a. True b. False Indicate whether the statement is true or false
Given the expected price level, policies for reaching potential GDP will work best if the money supply is: a. large, so that prices at potential GDP are below expectations and people can afford to buy enough goods to support the natural level of employment. b. large enough, so that prices at potential GDP are above expectations and firms can afford to hire workers. c. small, so that prices at
potential GDP are below expectations and people can afford to buy enough goods to support the natural level of employment. d. small, so that prices at potential GDP are above expectations and firms can afford to hire the workers. e. exactly the size that makes prices equal to the prices people expected to prevail.