How could an expansionary fiscal policy increase real GDP and lower the price level?
A) if the aggregate supply increases equals the aggregate demand increase
B) if aggregate supply decreases more than aggregate demand increases
C) if aggregate supply increases more than aggregate demand increases
D) if aggregate supply decreases less than aggregate demand decreases
E) if aggregate supply decreases more than aggregate demand decreases
C
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What happens to bond prices when the interest rate decreases?
a) They would decrease. b) They would increase. c) They would stay the same. d) They would fluctuate based on the quantity of money.
According to the law of supply:
A. producers are willing to supply larger amounts of a good as its price increases. B. a direct relationship exists between the price of a good and the amount buyers choose to buy. C. an inverse relationship exists between the price of a good and the amount buyers wish to buy. D. an inverse relationship exists between the price of a good and the amount producers supply.
Why might a group of countries wish to have a common currency? Explain four reasons
What will be an ideal response?
Lionel's Lawn Care is a company that maintains residential yards. Lionel's cost for his standard package of mowing, edging, and trimming is $15, and he charges $25 for this service. For a total price of $40, Lionel will also trim shrubs, a service that
adds an additional $10 to the total cost of the standard package. What is Lionel's marginal cost of adding the shrub-trimming service to the standard package? A) $10 B) $15 C) $25 D) $40