Airline deregulation led to the demise of many smaller airlines but large carriers were not materially affected
a. True
b. False
Indicate whether the statement is true or false
False
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Other things equal, a decrease in the price level will
A) shift the AS curve to the left. B) shift the AS curve to the right. C) cause a movement up the AS curve. D) cause a movement down the AS curve.
In March 2015, many college students bet on the NCAA finals in dorm gambling pools. This is an example of
a. real vs. nominal GDP. b. the assumed value of household production. c. underground economic activity. d. the implicit value of leisure time. e. a "bad" versus a "good."
The theory of liquidity preference postulates that the demand for real money balances, plotted against the interest rate, is:
a. vertical. b. downward sloping. c. horizontal. d. upward sloping.
A rise in government spending will cause a(n):
a. Increase in aggregate demand b. Decrease in prices c. fall in aggregate demand d. decrease in real domestic output