Which of the following events occurred during the 1996-2000 time-frame and had an important impact on the deficit/surplus projections?
A. A dramatic increase in the rate of unemployment.
B. A dramatic increase in the price of oil.
C. A dramatic increase in the rate of inflation.
D. A dramatic increase in the value of most major stock markets.
Answer: D
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Refer to Figure 15-6. The monopolist's total cost is
A) $1,116. B) $1,240. C) $1,660. D) $1,726.40.
If a monopolistically competitive firm's demand curve is shifting left, it will stop shifting only when:
A. firms stop leaving the industry. B. firms stop entering the industry. C. the firm raises its price. D. the firm lowers its price.
If the banking system's money multiplier is 4, then a $2,000 increase in checkable deposits when banks hold excess reserves will result in which of the following events?
a. The money supply will decrease b. The money supply will not change. c. The money supply will increase by exactly $8,000. d. The money supply will increase by more than $8,000. e. The money supply will increase by less than $8,000.
The quantity of aggregate goods and services demanded rises when the
a. price level rises, because the interest rate rises. b. price level rises, because the interest rate falls. c. price level falls, because the interest rate rises. d. price level falls, because the interest rate falls.