A decrease in autonomous consumption ________
A) lowers planned expenditures
B) raises equilibrium output for any level of the interest rate
C) causes a movement down along the IS curve
D) all of the above
E) none of the above
A
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Borrowing to finance the increases in government expenditures
A) reduces current private investment expenditures. B) increases interest rates. C) reduces growth in the nation's private capital stock. D) all of the above.
Table 3-25 - The opportunity cost of 1 mixer for Miguel is.
a. 1/2 toaster
b. 1/2 hour of labor
c. 2 toasters
d. 8 hours of labor
The group responsible for making decisions regarding monetary policy is the:
A. Federal Open Market Committee. B. Board of Governors only. C. Federal Advisory Council. D. group of 12 Federal Reserve Bank presidents only.
If a country's production possibilities curve gets more bowed out over time, it is an indication that
A) technological change has taken place. B) society is learning to use its resources more efficiently. C) the quantity of labor and capital have increased. D) resources have become more highly specialized.