Which of the following occurs when investment is crowded out by government spending?
A) interest rates fall
B) the amount of borrowing by the government falls
C) the amount of government debt rises
D) consumption increases
Ans: C) the amount of government debt rises
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"Crowding-out" occurs in the IS-LM model as rising government spending requires a ________ in the interest rate in order to ________ the demand for money at the new equilibrium, thus ________ planned private investment
A) rise, keep constant, lowering B) rise, raise, lowering C) rise, lower, raising D) fall, keep constant, raising E) fall, raise, lowering
The steps to set up a new service company in QuickBooks with no employees are:
a. Easy Step Interview > Customer List > Vendor List > Item List b. Setup Chart of Accounts > Easy Step Interview > Customer List > Vendor List > Item List c. Easy Step Interview > Customize Chart of Accounts > Customer List > Vendor List > Item List d. Easy Step Interview > Customer List > Vendor List > Item List > Customize Chart of Accounts
For a worker, the opportunity cost of an hour of leisure
a. rises by $8 when his wage rises by $8 per hour. b. falls by $8 when his wage rises by $8 per hour. c. is the same for a celebrity talk-show host as it is for a teacher. d. is determined by factors that are unrelated to his hourly wage.
Consider the accompanying payoff matrix.
If Column Cruises offers reduced rates, and Row Resorts keeps its rates high, then Row Resorts will earn ________, and Column Cruises will earn ________.
A. 300; 300 B. 500; 10 C. 50; 50 D. 10; 500