For a given level of inflation, if a rise in the stock market makes consumers more willing to spend, known as the wealth effect, then the ________ shifts ________.
A. short-run aggregate supply line; upward
B. aggregate demand curve; right
C. short-run aggregate supply line; downward
D. aggregate demand curve; left
Answer: B
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The Federal Reserve can increase the money supply by:
A. reducing reserve requirements. B. increasing the discount rate. C. conducting open market sales. D. eliminating deposit insurance.
The total federal debt is equal to
A) the total value of all U.S. currency in circulation. B) the sum of all past deficits minus the sum of all past surpluses. C) the federal budget deficit minus the federal budget surplus. D) annual federal tax receipts plus annual federal expenditures.
The GDP of country A may be higher than that of country B because the workers in country A work more hours per week than workers in country B
Indicate whether the statement is true or false
Based on table 9.1 (the table above), the statistical discrepancy is _________
Fill in the blank(s) with the appropriate word(s).