Jim saw a decrease in the quantity demanded for his firm’s product from 8000 to 4000 units a week when he raised the price of the product from $200 to $250. What is Jim’s own price elasticity of demand?

When the Fed decreases the money stock, the money supply curve shifts to the ________ and the interest rate ________, everything else held constant

A) right; rises B) right; falls C) left; falls D) left; rises

Current account transactions are records of the income and expenditures from exports and imports, plus international financial investments and borrowing

a. True b. False

The crowding-out effect occurs because an increase in government spending _____ interest rates, causing _____ to fall

Fill in the blank(s) with correct word

How did an increase in consumer confidence change the final equilibrium point of the expansionary policy as shown in this graph?

a. Instead of reaching the target of E3 and at RGDP3, the final result is E4 at RGDPNR.
b. Instead of reaching the target of E2 and at RGDPNR, the final result is E4 at RGDPNR.
c. Instead of reaching the target of E2 and at RGDPNR, the final result is E3 at RGDP3.
d. Instead of reaching the target of E3 and at RGDP3, the final result is E1 at RGDP1.