Changes in the interest rate
a. shift aggregate demand whether they are caused by changes in the price level or by changes in fiscal or monetary policy.
b. shift aggregate demand if they are caused by changes in the price level, but not if they are caused by changes in fiscal or monetary policy.
c. shift aggregate demand if they are caused by fiscal or monetary policy, but not if they are caused by changes in the price level.
d. do not shift aggregate demand.
c
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In a game with more than three players, the vertical axis on the left side of the graph measures payoffs and the vertical axis on the right side of the graph measures the number of players
Indicate whether the statement is true or false
Everything else held constant, if a factor increases the demand for ________ goods relative to ________ goods, the domestic currency will appreciate
A) foreign; domestic B) foreign; foreign C) domestic; domestic D) domestic; foreign
Which of the following represents a positive statement?
a. A higher income tax rate will reduce the amount of time that people spend working. b. Teenage unemployment should be reduced. c. We should raise the standard of living for the elderly. d. A decrease in tax rates is needed to help the poor.
It has been argued that state-subsidized ____ programs have benefited the poor more than middle and upper-income quintiles
a. Medicaid b. higher education c. art museum d. airport and airline subsidy