An increase in planned investment will shift the _____
a. aggregate demand curve rightward
b. aggregate demand curve leftward
c. aggregate supply curve rightward
d. aggregate supply curve leftward
e. consumption function upward
a
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When the Fed purchases government securities, it
A. increases banks' reserves and makes possible an increase in the money supply.
B. decreases banks' reserves and makes possible a decrease in the money supply.
C. automatically raises the discount rate.
D. uses discounting operations to influence margin requirements.
e. has no effect on either the money supply or the discount rate.
Using the above table, if the price of Pepsi is $3, how many cans of Pepsi would have to be consumed in order to have a marginal utility to price ratio of 3?
A) one can
B) two cans
C) three cans
D) four cans
Refer to the above table. Assuming constant opportunity costs, the opportunity cost of producing a bicycle in the United States is ________ while the opportunity cost of producing a bicycle in Mexico is ________
A) 8 computers; 10 computer B) 4 computers; 10 computers C) 5 computers; 2 computers D) 2 computers; 5 computers
The primary area of growth in the modern U.S. economy is
a. the manufacturing sector. b. the agricultural sector. c. the service sector. d. the market for U.S. exports.