Aggregate demand is the total demand for a(n) ______.
a. individual consumer
b. market sector
c. entire economy
d. federal government
c. entire economy
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A one-time tax rebate, which is not expected to be extended in future years, will
A) have a significant positive effect on consumption and aggregate demand, with aggregate demand growing by a multiple of the tax rebate. B) have no effect on consumption and aggregate demand. C) increase aggregate supply and aggregate demand. D) have a moderately positive effect on consumption and aggregate demand.
An appreciation in the U.S. dollar would
a. encourage foreigners to make investments in the United States. b. discourage foreign consumers from buying U.S. goods. c. increase the number of dollars it would take to buy a Swiss franc. d. encourage foreigners to buy more U.S. goods.
(a) In which year did disinflation begin? (b) In which year did deflation begin?
Many developing countries face a balance of payments constraint because:
A. they fail to implement exchange rate policy correctly. B. they hold too few international reserves. C. they hold too many international reserves. D. the IMF forces them to adopt policies that are counterproductive.