Which of the following would move the economy up and to the left along a short run Phillips Curve?
a. Sales of government securities by the Fed
b. Increases in taxes by the federal government.
c. Reductions in government expenditures on newly produced goods and services.
d. None of the above
d
Economics
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The part of consumption that does not depend upon the level of disposable income is
A) autonomous consumption. B) savings. C) average propensity to consume. D) saving.
Economics
If a bank buys securities, its
A) net worth increases. B) net worth decreases. C) reserves increase. D) reserves decrease.
Economics
If a price ceiling of $8 were placed in the market in the graph shown, which area represents deadweight loss?
A. F + G
B. B + D
C. E
D. B + D + F + G
Economics
Which of the following represents the opportunity cost of holding money?
A. the interest rate B. liquidity C. the rate of inflation D. none of these
Economics