Which of the following could cause a recession?
A. A decline in aggregate demand
B. A decline in unemployment
C. An increase in aggregate supply
D. An increase in government spending
A. A decline in aggregate demand
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The Federal Reserve System began operating in 1914, finally
(a) giving the U.S. its first 100 percent gold-backed paper money. (b) creating a privately-owned system for clearing checks on a national scale. (c) giving the U.S. its first government-owned central bank. (d) giving the U.S. its first unified currency issue, the Federal Reserve Note.
Surgical weight loss procedures are cheaper and safer than ever. As a consequence, we could expect:
a. An increase in the amount of care individuals take of their diet b. A decrease in the amount of care individuals take of their diet c. An increase in pre-surgery obesity d. Both B&C
Holding other factors constant, if employers automatically enroll employees in retirement savings programs in order to overcome psychological barriers to saving, then the real interest rate will ________ and the equilibrium quantity of saving and investment will ________.
A. increase; decrease B. decrease; increase C. increase; increase D. increase; not change
A point or product-combination to the left of and inside a budget line:
A. Is attainable, but a combination or point to the right of the line is unattainable B. Is unattainable, but a combination or point to the right of the line is attainable C. Costs more than a combination or point on the budget line D. Costs more than a combination or point outside the budget line