Refer to the graph above. Which of the following changes will shift AD 1 to AD 2?
A cut in personal and business taxes
A shrinkage in the value of stocks and other financial assets
An increase in the value of the dollar relative to other currencies
An increase in real interest rates
A cut in personal and business taxes
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Which was not a result of the California gold rush?
a. A substantial increase in the money supply. b. A large increase in GNP. c. A significant decrease in the prices of farm goods. d.
Refer to Exhibit 6-2. The unemployment rate in year 2 is
a. 75 percent. b. 33 1/3 percent. c. 50 percent. d. 66 2/3 percent. e. 25 percent.
Which of the following activities would be included in GDP?
A. Your roommate pays you $40 to clean the house. B. Your parents send you $40 to hire a house cleaner, and you clean the house and keep the $40 yourself. C. You hire a cleaning service at $40 to clean your house. D. All of these would be included in GDP, since there was a monetary exchange.
When maximizing economic growth is a country's goal it:
A. creates a perfect correlation to happiness, if the money is allocated fairly. B. everyone in the economy will be better off if it obtains its goal. C. may work in opposition to the country's happiness in terms of satisfaction gained from leisure. D. increases the correlation to the country's happiness, because more money makes people happier.