If you withdraw currency from your checking account for cash, you are
A) increasing M1, decreasing M2.
B) increasing both M1 and M2.
C) decreasing both M1 and M2.
D) not affecting M1 or M2.
E) increasing M1 but not affecting M2.
D
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Which of the following is considered expansionary fiscal policy?
A) Congress decreases the income tax rate. B) Legislation increases a college tuition deduction from federal income taxes. C) The Arizona legislature cuts highway spending to balance its budget. D) Congress increases defense spending.
If a price floor is a binding constraint on a market, then
a. the equilibrium price must be above the price floor. b. the quantity demanded must exceed the quantity supplied. c. sellers cannot sell all they want to sell at the price floor. d. buyers cannot buy all they want to buy at the price floor.
In the short run, an increase in the price level causes:
A. a rightward shift in the aggregate demand curve. B. a leftward shift in the short-run aggregate supply curve. C. a rightward shift in the short-run aggregate supply curve. D. a movement upward along the short-run aggregate supply curve.
The following provides information for a one-shot game.Firm AFirm B??Low PriceHigh Price?Low Price(2,2)(10,-8)?High Price(-8,10)(15,15)What are the Nash equilibrium strategies for this game?
A. (low price, low price) and (high price, high price) B. (high price, high price) C. (low price, low price) D. None of the answers is correct.