A fiscal stimulus works to close a recessionary gap by shifting the
A) AD curve leftward.
B) AS curve leftward.
C) AD curve leftward and AS curve leftward.
D) AD curve rightward.
E) potential GDP line leftward.
D
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Which of the following statements is TRUE?
A) There is a direct relationship between investment and the interest rate. B) There is an inverse relationship between investment and the interest rate. C) There is no relationship between investment and the interest rate. D) Investment is always less than savings.
The union would have a better bargaining position in the negotiations if
a. The firm can hire individual workers at a lower wage b. The union has low wage workers who cannot afford to be off work c. The union has a strike fund to pay workers during work stoppage actions d. The firm can easily replace workers with machinery
As of 2013, annual imports to the U.S. were approximately ____ and annual exports from the U.S. were approximately ____
a. $0.6 trillion; $1.5 trillion b. $2.2 trillion; $0.7 trillion c. $2.7 trillion; $2.3 trillion d. $1.5 trillion; $2.0 trillion e. $2.0 trillion; $2.0 trillion
How did the U.S. government make the American public have confidence in the nation's currency in the 1870s?
(A) The government permitted state-chartered banks to issue currency. (B) The government established the First Bank of the United States. (C) The government backed the currency with cotton. (D) The government adopted the gold standard.