An increase in expected future income will:
a. Increase aggregate demand
b. Decrease aggregate demand and aggregate supply
c. Increase aggregate supply
d. Increase aggregate demand and aggregate supply
a. Increase aggregate demand
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A decrease in the money supply will shift the money supply curve to the ________, causing the nominal interest rate to ________
A) right; increase B) right; decrease C) left; increase D) left; decrease
Under present U.S. federal law, which one of the following is a government-inhibited good?
A) housing B) medical care C) marijuana D) education
A firm in China sells toys to a U.S. department store chain. Other things the same, these sales
a. increase U.S. net exports and decrease Chinese net exports. b. decrease U.S. net exports and increase Chinese net exports. c. increase U.S. and Chinese net exports. d. decrease U.S. and Chinese net exports.
In economic theory, utility refers to the:
a) Satisfaction obtained from a good or service. b) Willingness to buy specific quantities of a good or service at a particular price. c) Additional satisfaction obtained from one more unit of a good or service. d) Decrease in satisfaction as more of a good or service is consumed.