A reduction in business expectations, combined with the imposition of new tariffs by major trading partners, would have what effect on aggregate demand?
a. AD would increase
b. AD would decrease.
c. AD would stay the same.
d. AD could either increase or decrease, depending on which change was of a greater magnitude.
b
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Use to following graph. 
Suppose Asarta Inc. is polluting yucko and they have been tasked with cleaning up some of their waste. If they are cleaning up Q tons of yucko then they are cleaning:
A. too little. B. too much. C. just the right amount. D. the allocatively efficient amount.
Voluntary exchange ________ economic efficiency because neither the buyer nor the seller would agree to a trade unless ________
A) decreases; they both benefit B) increases; they both benefit C) decreases; neither benefit D) increases; only one party benefits
If P represents the price of goods and services measured in money, then 1/P is the value of money measured in terms of goods and services
a. True b. False Indicate whether the statement is true or false
The U.S. trade deficit is most likely to be harmful in the future if:
A. U.S. citizens refuse to lend to foreigners as a result of it. B. U.S. citizens continue to accumulate foreign assets. C. U.S. production continues to exceed U.S. consumption. D. the inflow of financial capital associated with the current deficit does not finance productive investment.