An increase in the interest rate will increase consumption spending
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
When a simple monopolist chooses to sell an additional unit of a good or service
a. marginal revenue will be equal to the going market price. b. marginal revenue will always be negative. c. it will only have to lower its price on the additional unit. d. it will have to lower its price on the additional unit and on all other units.
In the long run, changes in aggregate demand will affect the level of Real GDP (but not the price level) in a self-regulating economy
Indicate whether the statement is true or false
The primary method for controlling the money supply in the United States is to limit the:
A. Amount of currency that is printed.
B. Amount of money that is spent by changing income transfers.
C. Amount of money that is spent by changing tax policy.
D. Volume of loans the banking system can make.
To an economist, the term "needs"
A) refers only to material desires but not nonmaterial desires. B) is objectively undefinable. C) identifies the purchases of basic goods and services. D) refers to the purchase of goods by the poor.