If the stock market plunged over the next week, consumers would:
A. Rush to buy more goods and services.
B. Buy more stocks to make up for their losses.
C. Demand fewer goods and services.
D. Cause the aggregate demand curve to shift to the right.
C. Demand fewer goods and services.
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Your economics professor offers 10 points extra credit if you attend a review session before your next exam. This extra credit is an example of
A) an increase in marginal cost to attend the review session. B) a decrease in marginal benefit to attend the review session. C) a rational choice. D) an incentive to attend the review session. E) None of the above answers is correct.
As the economy turns the corner into a recession, the level of unplanned inventories ________ and firms ________ production
A) increases; do not change B) decreases; begin to decrease C) increases; begin to decrease D) decreases; begin to increase E) increases; begin to increase
Does expansionary fiscal policy directly increase the money supply? Isn't it true that the president and Congress fight recessions by spending more money?
What will be an ideal response?
In 2014, the ethnic group experiencing the highest poverty rate was
A. black, non-Hispanic. B. Hispanic. C. another race. D. white, non-Hispanic.