When the Federal Reserve conducts an open-market purchase, the money supply _____ and aggregate demand _____
Fill in the blank(s) with correct word
increases, increases
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Following deregulation in the airline industry
a. small carriers have gone out of business but large carriers have not. b. large carriers have gone out of business but small carriers have not. c. both large carriers and small carriers have gone out of business. d. neither large carriers nor small carriers have gone out of business.
If net exports are reduced, the expenditure schedule will shift
a. downward and equilibrium real GDP will rise. b. upward and equilibrium real GDP will rise. c. downward and equilibrium real GDP will fall. d. upward and equilibrium real GDP will fall.
Which of the following is an example of a nonrenewable resource?
a. corn b. oil c. livestock d. All of the above are correct.
Suppose that the consumer price index at year-end 2004 was 140 and by year-end 2005 had risen to 150. What was the inflation rate during 2005?
What will be an ideal response?