What would happen to aggregate demand if the federal government increased military purchases and state and local governments decreased their road building budgets at the same time?
a. AD would increase, because only federal government purchases affect AD
b. AD would decrease, because only state and local government purchases affect AD.
c. AD would increase if the change in federal purchases were smaller than the change in state and local purchases.
d. AD would decrease if the change in federal purchases was smaller than the change in state and local purchases.
d
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Refer to the scenario above. Beth should use ________ to win this game
A) a mixed strategy B) forward induction C) backward induction D) her dominant strategy
Which of the following statements is true?
a. Foreigners owned $16.30 in U.S. assets b. U.S. residents owned $13.8 trillion in foreign assets c. U.S. residents owned $2.5 trillion more assets in the United States than foreigners owned abroad d. Foreign purchases of assets in the U.S. subtract from America's productive capacity e. Income from foreign-owned assets in the U.S. flows to Americans
The greatest number of people who live on $1.90 a day live in:
A. China. B. South Asia. C. sub-Saharan Africa. D. None of these is true.
Life expectancy at birth for the world rose from 24 years to 26 years between 1000 and 1820, but by 2003, life expectancy had risen to
What will be an ideal response?