An autonomous easing of monetary policy results in a ________ level of equilibrium output, shifting the aggregate demand curve to the ________
A) higher; right
B) lower; right
C) higher; left
D) lower; left
A
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Real income can be measured by
A) the slope of the budget line. B) the area under the budget line. C) the length of the budget line. D) an intercept of the budget line.
The government often enacts regulation that benefits producers because
a. the government seeks to regulate in the best interest of the public b. consumers have less information than producers and therefore seek government protection c. consumers have a strong interest in matters that affect their standard of living d. producers have a strong interest in matters that affect their specialized source of income e. producers seek to act in the best interest of the public
Harry is 40 and black. Dan is 40 and white. Both work as plumbers, but Harry earns more
a. Dan is being discriminated against. b. Harry might be discriminated against if he has more experience as a plumber. c. Harry might be discriminated against if he has less training as a plumber. d. Harry might be discriminated against if he works the day shift and Dan works the night shift.
Last year, Leah bought a bond for $1,000 that promises to pay $105 a year. This year, a person who buys a bond for $1,000 receives $95 a year. If Leah were to sell her (old) bond, its price would be approximately
A) $818. B) $846. C) $905. D) $1,105. E) $1,273.