In the AS/AD model, a contractionary monetary policy:
A. reduces investment but increases aggregate demand.
B. increases both investment and aggregate demand.
C. increases investment but reduces aggregate demand.
D. reduces both investment and aggregate demand.
Answer: D
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If a series of severe storms in the Atlantic Ocean drastically significantly disrupted the transatlantic slave trade, which would most accurately describe the market for slaves in colonial America?
a. The price of slaves would increase and the quantity of slaves would decrease. b. The price and quantity of slaves would increase. c. The price and quantity of slaves would decrease. d. The price of slaves would decrease and the quantity of slaves would increase.
At macroeconomic equilibrium
What will be an ideal response?
The above figure is referred to as a(n)
A. production possibilities curve. B. supply-demand curve. C. consumption curve. D. scarcity-shortage curve.
Suppose that today, consumers expect the price of bottled water to double in the future. Then today the bottled water's
A. supply curve will shift to the right. B. supply curve will shift to the left. C. demand curve will shift to the right. D. demand curve will shift to the left.