If aggregate demand is $2,000 billion and aggregate supply is $2,300 billion, the price level will rise
a. True
b. False
Indicate whether the statement is true or false
False
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If the production of soybeans is subsidized by the government,
A) the demand for soybeans will increase. B) the farmer's cost of producing soybeans will decrease. C) the supply of soybeans will decrease. D) all of the above will occur. E) none of the above will occur.
The Fed's portfolio of securities consists principally of
A) municipal bonds. B) corporate bonds. C) U.S. Treasury obligations. D) obligations of foreign governments.
Refer to Scenario 15.3. Which of the following would raise $X?
A) Lower current income B) Lower expected growth in income C) Lower mortality rates D) Lower interest rates E) Higher age at time of death
A study of actual business people showed that most believe their ATC curve is declining until production capacity is reached
Indicate whether the statement is true or false