As a result of an expansionary monetary policy:
a. both aggregate expenditure and aggregate demand increase
b. both aggregate expenditure and aggregate demand decrease.
c. aggregate expenditure increases and aggregate demand decreases.
d. aggregate expenditure decreases and aggregate demand increases.
e. aggregate expenditure remains unchanged; aggregate demand increases.
a
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Since the passage of the International Banking Act of 1978, the competitive advantage enjoyed by foreign banks in the U.S. has been
A) reduced. B) mildly expanded. C) completely eliminated. D) greatly expanded.
Suppose Lily's indifference curves are defined as U = ?FS + ?FH, where FS is consumption during sunny weather and FH is consumption during a hurricane. Lily receives 64 units of food when it is sunny and 16 units of food when there is a hurricane. What is the risk premium if the probability of sunshine is ? = 0.5?
A. 4 B. 6 C. 12 D. 16
In the arena of trade policy, the battle often seems to be between ________ laws that increase protectionism and ________ agreements that try to reduce protectionism.
a. national; national b. international; international c. national; international d. international; national
When people become underemployed, they not only lose income immediately, but they may also have a permanent decrease in income even after regaining employment
a. True b. False Indicate whether the statement is true or false