In the basic closed-economy ISLM model, as the interest sensitivity of investment spending increases, fiscal policy has ________ effect on output and monetary policy has ________ effect on output
A) less; less
B) more; more
C) more; less
D) less; more
D
You might also like to view...
In order to discover anything about causal relationships in economics we must first have
A) all the relevant data. B) quantified data or statistics. C) scientific evidence. D) some kind of theory of how things fit together. E) the courage and civility to eliminate all biases and preconceptions from our thinking.
Refer to Figure 4-4. The figure above represents the market for iced tea. Assume that this is a competitive market. At an output of 10,000 units
A) the marginal benefit of iced tea is greater than the marginal cost; therefore, output is inefficiently high. B) the marginal benefit of iced tea is greater than the marginal cost; therefore, output is inefficiently low. C) the marginal cost of iced tea is greater than the marginal benefit; therefore, output is inefficiently low. D) producers should lower the price to $1 in order to sell the quantity demanded of 10,000.
Which market structure would likely have the highest concentration ratio?
a. Monopoly b. Oligopoly c. Monopolistic competition d. Perfect competition
Which of the following is true about diversity of citizenship jurisdiction?
a) Diversity of citizenship jurisdiction means that many lawyers enjoy the higher status that comes in practicing before the federal bench b) Defendant' attorneys know that removal is common and that it will move the case along faster by filing in federal court to begin with c) Defense lawyers believe that there is sometimes a "home-court advantage" for a nonresident plaintiff who brings a lawsuit against an in-state in his local state court d) The Constitution established diversity jurisdiction because it feared that local courts would be generous toward people from other states.