A decrease in the money supply will shift the money supply curve to the ________, causing the nominal interest rate to ________
A) right; increase
B) right; decrease
C) left; increase
D) left; decrease
C
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In Keynesian economics the expenditure multiplier suggests that a change in spending causes a(n) _______________ change in GDP.
a. equal b. lesser c. greater d. minor
Greater emphasis on self-sufficiency and trading less with foreign countries would increase incomes and living standards in the United States
a. true b. false
If the price of a good decreases by 10% and the quantity demanded increases by 10%, then at that price, the good is
A. unit elastic. B. perfectly inelastic. C. elastic. D. inelastic.
The Uruguay round of GATT (1993) talks
A. reduced trade barriers and tariffs. B. increased trade barriers and tariffs. C. left tariffs and trade barriers unchanged. D. lowered some trade barriers but increased tariffs.