The aggregate demand curve
A. slopes upward.
B. slopes downward.
C. is perfectly vertical.
D. is perfectly horizontal.
Answer: B
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When we assume that investment is autonomous we imply that:
a. it is a fixed constant amount. b. it is independent of current real GDP. c. it is a positive function of interest rates. d. it is actually zero. e. it has no impact on consumption.
Economic analysis indicates that the increasing government expenditures and growth of third-party payments accompanying the Medicare and Medicaid programs
a. reduced the demand for healthcare services. b. reduced the incentive of consumers to economize on their use of healthcare. c. increased the incentive of consumers to economize on their use of healthcare. d. placed downward pressure on the prices of healthcare services.
Which of the following is correct?
a. A bank's deposits at the Federal Reserve counts as part of the bank's reserves. The Federal Reserve pays interest on these deposits. b. A bank's deposits at the Federal Reserve counts as part of the bank's reserves. The Federal Reserve does not pay interest on these deposits. c. A bank's deposits at the Federal Reserve does not count as part of the bank's reserves. The Federal Reserve pays interest on these deposits. d. A bank's deposits at the Federal Reserve does not count as part of the bank's reserves. The Federal Reserve does not pay interest on these deposits.
Economists study how decisions are made.
Answer the following statement(s) true (T) or false (F)