In the four-sector Keynesian model,
a. increased government spending reduces aggregate expenditure.
b. increased taxes increase aggregate expenditure.
c. increased exports increase aggregate expenditure.
d. increased imports increase aggregate expenditure.
c. increased exports increase aggregate expenditure.
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Congressman Murphy made the following proposal: "We should establish policies that completely eliminate air pollution. This is the only way to ensure that none of our citizens suffer the negative effects of air pollution"
If Congressman Murphy's proposal was adopted and all forms of air pollution were eliminated, which of the following would be true? A) The total cost of pollution reductions would equal the total benefit to society. B) The marginal cost from pollution reductions would exceed the marginal benefit. C) The total benefit to society from reductions in air pollution would be maximized. D) Economic efficiency would be maximized
Which of the following is a bank liability?
A) reserves B) consumer loans C) nontransaction deposits D) securities
Which of the following would be included in the calculation of GDP?
(A) Time and effort spent shopping for your household. (B) Paying your nephew to mow the lawn. (C) Purchasing a new vehicle. (D) Selling your car to a friend.
Refer to the information provided in Table 3.2 below to answer the question(s) that follow.Table 3.2Price per CheeseburgerQuantity Demanded (Cheeseburgers per Month)Quantity Supplied (Cheeseburgers per Month)$51,500 500 61,200 700 7 900 900 8 6001,100 9 3001,300Refer to Table 3.2. If the price per cheeseburger is $8, the price will
A. remain constant because the market is in equilibrium. B. increase because there is an excess supply in the market. C. decrease because there is an excess demand in the market. D. decrease because there is an excess supply in the market.