Lower interest rates on business loans usually result in a(n):
a. decrease in aggregate demand.
b. decrease in aggregate supply.
c. decrease in investment spending.
d. increase in government spending.
e. increase in aggregate expenditures.
e
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Refer to Figure 8.1. If each player cooperated with one another, each player would find themselves ________ better off than they are by playing their dominant strategies
A) $0 B) $280 C) $490 D) $560
One of the strongest motivations for holding the Bretton Woods Conference was to design new international institutions that would
A) contain communism. B) help countries avoid the mistakes of the 1920s and 1930s. C) provide a collective defense security for Western Europe and North America. D) ensure that world prices were not rising too rapidly. E) create a single currency in Western Europe.
When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:
A. output, causing it to definitely decrease. B. output, causing it to definitely increase. C. prices, causing them to definitely rise. D. prices, causing them to definitely fall.
If one person's use of a good diminishes another person's enjoyment of it, the good is
a. rival in consumption. b. excludable. c. normal. d. exhaustible.