Which event would most likely increase aggregate demand?
A. A decrease in the price level that results in a foreign purchases effect.
B. A depreciation of the dollar.
C. An appreciation of the dollar.
D. A decrease in the national incomes in foreign nations.
Answer: B
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A manager of a small company makes the following statement – "We need to keep hiring additional workers up to the point where the marginal productivity of the last worker we hire is at its maximum
This way we can maximize the total productivity of the firm." Critically evaluate this statement.
What was not one of the primary reasons why people opposed the First and Second Banks of the United States?
a. They printed too much money and triggered a substantial inflation. b. They had monopoly control over some banking activities. c. They were unconstitutional. d. They did not provide sufficiently generous lending policies.
The U.N.'s Millennium Poverty Goal is to
A. Keep the number of people in poverty at a constant level. B. Cut the percentage of people in extreme poverty in half worldwide. C. Reduce the percentage of people in severe poverty in the poorest nations. D. Cut the absolute number of people in extreme poverty in half worldwide.
What is Calvin’s opportunity cost to produce 3/4 pound of food?
a. 1/2 yard of cloth
b. 1 yards of cloth
c. 1-1/2 yards of cloth
d. 2 yards of cloth