One problem of ISI was
A) the failure to consider that government officials may make inefficient decisions.
B) the overemphasis on improvements in the rural rather than the urban sector.
C) the oversupply of complex technical goods.
D) the undervaluation of currencies to promote export growth.
A
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When there is a shift the aggregate supply curve caused by factors external to a nation's economy, it is called
A) government control. B) an economic anomaly. C) a supply shock. D) a trade imbalance.
When the government uses a cap-and-trade approach in dealing with pollution, it
A) uses taxes in order to internalize the externalities caused by the pollution. B) imposes quantitative limits on the amount of pollution firms are allowed to generate. C) uses subsidies to encourage firms to use new technology that reduces pollution. D) distributes information to consumers and producers on how to reduce pollution.
Assume that the reserve requirement is 10 percent. A $1,000 cash deposit into a savings account will immediately increase the bank's required reserves by _____
a. $10,000. b. $500. c. $100. d. $1,500. e. $10.
The slope of the aggregate demand curve illustrates that as the price level rises,
a. real GDP demanded decreases. b. real GDP demanded increases. c. the aggregate demand curve shifts rightward. d. the aggregate demand curve shifts leftward.