If demand decreases and supply is unchanged, then the equilibrium price ____ and the equilibrium quantity ____. Question 11 options:
A. does not change; does not change
B. rises; decreases
C. falls; decreases
D. falls; increases
E. rises; increases
C. falls; decreases
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In 2012, the U.S. federal government budget had a budget deficit. If there is no Ricardo-Barro effect, this deficit ________ the demand for loanable funds and ________ the real interest rate
A) decreased; lowered B) did not change; did not change C) increased; raised D) decreased; raised E) increased; lowered
Which of the following are ways in which corporations can reduce their U.S. tax burdens?
A) taking advantage of deductions and credits B) shifting foreign profits to overseas subsidiaries C) deducting past losses from income tax in profitable years D) all of the above
What is a currency board?
a. A fixed exchange rate that, by law, exchanges domestic currency for a specified foreign currency at a fixed exchange rate. b. A floating exchange rate. c. A managed floating exchange-rate policy that the government adjusts periodically according to some economic indicator. d. A laissez-faire exchange-rate policy. e. An interventionist exchange-rate policy.
Which of these inflation rates can be considered a sign of a healthy economy?
a. An inflation rate between 10?20 percent b. An inflation rate between 2?4 percent c. An inflation rate between 40–50 percent d. An inflation rate between 100–200 percent