If a country tries to stimulate the economy with fiscal policy, the effects will be exchange rate
a. depreciation, lower interest rates, and a small increase in aggregate demand.
b. depreciation, higher interest rates, and a small decrease in aggregate demand.
c. appreciation, lower interest rates, and a small increase in aggregate demand.
d. appreciation, higher interest rates, and a small increase in aggregate demand.
d
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Which of the following statements best explains how the use of money in an economy increases economic efficiency?
A) Money increases economic efficiency because it is costless to produce. B) Money increases economic efficiency because it discourages specialization. C) Money increases economic efficiency because it decreases transactions costs. D) Money cannot have an effect on economic efficiency.
The maximum price that a consumer is willing to pay for each unit bought is the ________ price
A) market B) reservation C) consumer surplus D) auction E) choke
Figure 2-3
shows the production possibilities frontier for a music processing plant that can produce both compact disks and cassettes. At which point would the plant be under-utilizing its resources?
a.
A
b.
B
c.
C
d.
D
e.
E
Mail-in ballots are designed to:
A. decrease the costs associated with voting. B. increase utility derived from voting. C. increase your ability to fulfill your civic duty. D. increase the accuracy voting process.