Which of the following decreases aggregate demand and shifts the AD curve leftward?
A) a tax cut
B) an increase in quantity of money
C) an interest rate hike
D) a decrease in potential GDP
E) an increase in government expenditures on goods and services
C
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___________ is usually measured by the annual percent change in real output of goods and services per capita
Fill in the blank(s) with the appropriate word(s).
When the economy is at the full employment level of real GDP, expansionary fiscal policy will not increase the economy's total output in the long run
a. True b. False Indicate whether the statement is true or false
The following graph is the production possibility curve for a three-person economy, with workers Janna, Drew, and Karl.
The slope of the PPC between points X and Y is determined by ________ opportunity cost.
A. Janna's B. Drew's C. Janna and Drew's D. Kari's
Credit card balances are not considered to be money primarily because they:
A. are an asset used in making transactions. B. do not represent an obligation to pay someone else. C. are not part of people's wealth. D. are rarely used to make purchases.