In Figure 4-16, an increase in the number of producers will shift supply from
A. S1to S2.
B. S2to S1.
C. S3to S2.
D. S3to S1.
Answer: A
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If the economy is in recession, explain what advice you would give the President, if you were a monetarist economist. What if you were a Keynesian?
In a free market for rental housing, effective rent control would have which effect?
a. It would cause a reduction in the number of apartments. b. It would cause an increase in the number of apartments, since landlords would try to increase their profits through larger scale. c. It would have no effect on the number of apartments offered in the market. d. The results are impossible to predict.
To reduce aggregate demand, the government may reduce _____ or increase _____
Fill in the blank(s) with correct word
From the perspective of the United States, a reduction in the nominal exchange rate will cause which of the following?
A) The dollar becomes more expensive to foreigners. B) Foreign goods are less expensive to Americans. C) Foreign currency is less expensive to Americans. D) American goods are less expensive to foreigners. E) none of the above