When drawn against the real interest rate, output demand increases if
A) current government expenses increase.
B) future government expenses increase.
C) current taxes increase.
D) future taxes increase.
A
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Keynes argued that when unemployment was high, wages would ________.
A. resist rising B. resist falling C. rise quickly D. fall quickly
Refer to Figure 16-8. In the graph above, suppose the economy in Year 1 is at point A and is expected in Year 2 to be at point B. Which of the following policies could Congress and the president use to move the economy to point C?
A) decrease government purchases B) increase income taxes C) sell Treasury bills D) increase government purchases
Types of price discrimination practiced by post-bellum railroads included all of the following except:
a. varied rates based on passengers' gender. b. varied rates based on town of origin. c. higher rates per mile for short-hauls than for long-hauls.d varied rates based on passengers' occupation .
The formula for determining changes in demand deposits is the reciprocal of the required reserve ratio (i.e., 1/RRR) multiplied by the change in reserves
a. True b. False