Which of the following will not cause aggregate private spending to increase?
A) an increase in expected future real interest rates
B) an increase in government spending
C) a reduction in future taxes
D) all of the above
E) none of the above
A
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Under the monetary growth rule proposed by the monetarists, the money supply would grow each year at a constant rate equal to the long-run rate of growth of
A) employment. B) inflation. C) interest rates. D) real GDP.
The federal government's fiscal policy (taxing and spending policy) during the 1920s was one in which
(a) the federal budget was in surplus every year. (b) the federal budget exerted a mildly deflationary impact on the economy, tending to slow overall spending in the economy. (c) Parkinson's third law, "expenditures rise to meet income," seemed to hold for the federal government. (d) all of the above applied.
If a city decides to lift restrictions of how many taxi cabs can operate, social welfare will increase
What will be an ideal response?
The index used for international price comparisons is the:
A. World Bank's International Comparison Program index. B. World Bank's World Price Index. C. United Nations' World Consumer Price Index. D. World Trade Federation's International Price Index.