There is zero crowding out and the federal budget is balanced at the time government purchases are increased. It follows that the __________ curve shifts to the __________, and in the short run both the price level and Real GDP __________
A) AD; left; rise
B) AD; right; fall
C) AD; right; rise
D) AD; left; fall
E) SRAS; right; rise
C
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To infer the political tendencies of the students at your college/university, you sample 150 of them. Only one of the following is a simple random sample: You
A) make sure that the proportion of minorities are the same in your sample as in the entire student body. B) call every fiftieth person in the student directory at 9 a.m. If the person does not answer the phone, you pick the next name listed, and so on. C) go to the main dining hall on campus and interview students randomly there. D) have your statistical package generate 150 random numbers in the range from 1 to the total number of students in your academic institution, and then choose the corresponding names in the student telephone directory.
Pure private goods are nonrival in consumption.
A. True B. False C. Uncertain
Which of the following is a positive economic statement?
A) Policymakers should strive to eliminate government budget deficits. B) The President of the United States should promote high employment growth in the United States. C) If the price of eggs increases, the quantity demanded of eggs will fall. D) We should try to eliminate poverty in the United States.
Discuss and explain the relationships between the monopolist's demand curve, average revenue curve, and marginal revenue curve
What will be an ideal response?