An appreciation of the dollar in the foreign exchange market raises United States Real GDP when the _____________ shift of the SRAS curve exceeds the __________ shift of the AD curve
A) rightward; rightward
B) rightward; leftward
C) leftward; rightward
D) leftward; leftward
B
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In the short run, when the Fed increases the quantity of money
A) bond prices rise and the interest rate falls. B) bond prices fall and the interest rate rises. C) the demand for money increases. D) the supply of money curve shifts leftward.
Market barriers imposed on national banks:
a. included both restrictions on mortgages and high capital requirements. b. allowed rural banks to charge higher rates. c. allowed national banks to price discriminate. d. All of the above are correct. e. Only a and b are correct.
The final consumer demand for chicken (a normal good) in China will shift if:
a. Consumer income decreases b. If fewer consumers are present in the market c. If the price of pork decreases d. All of the above e. If either a or b occurs, but not c
Personal income taxes:
A. make recessions and inflationary episodes more severe. B. make recessions and inflationary episodes less severe. C. make recessions more severe and inflationary episodes less severe. D. make recessions less severe and inflationary episodes more severe.