If a customer deposits $1,000 cash into her checking account, the bank's
a. assets rise by $1,000 and liabilities fall by $1,000.
b. assets fall by $1,000 and liabilities rise by $1,000.
c. assets and liabilities both fall by $1,000.
d. assets and liabilities both rise by $1,000.
e. profits rise by $1,000.
D
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If a small country were to levy a tariff on its imports then this would
A) decrease the country's economic welfare. B) have no effect on that country's economic welfare. C) increase the country's economic welfare. D) change the terms of trade. E) raise prices on its exports in other countries.
The aggregate demand curve is downward sloping because:
a. an increase in the price level will cause an increase in spending. b. at lower price levels, real wealth decreases, causing a decrease in the quantities of goods and services demanded. c. at lower price levels, interest rates decrease, causing a decrease in the quantities of goods and services demanded. d. at lower price levels, exports increase, causing an increase in real GDP. e. increases in the price level do not affect people's real wealth.
An economic boom in one country usually causes a recession in other countries
a. True b. False Indicate whether the statement is true or false
The government of Auspicia increases taxes and cuts spending during a recession. Which of the following is likely to happen in in Auspicia, according to the Keynesians?
A. Reduction in unemployment B. Increase in consumption C. Decrease in economic activity D. Increase in investment