In 1997, the Hong Kong government slaughtered 1.3 million chickens, ducks, and geese in hopes of protecting humans from contracting the virus carried by these fowls. The slaughter's effect on Hong Kong's economy, although minor, still shifted Hong Kong's
a. AS curve to the right, which would raise the price level and lower real GDP
b. AS curve to the right, which would lower the price level and raise real GDP
c. AS curve to the left, which would raise the price level and lower real GDP
d. AD curve to the left, which would lower the price level and real GDP
e. AD curve to the right, which would raise the price level and real GDP
C
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This is an example of which remedy of conflicts of interest? A) regulate for transparency B) supervisory oversight C) leave it to the market D) socialization of information production
Caleb teaches economics at Yucky State University and is paid $50,000 per year. He also provides economic forecasts for local business for which he charges $100 per hour. Which of the following is true?
a. all of Caleb's income is salary b. some of Caleb's income is salary and some is personal interest c. all of Caleb's income is proprietor's income d. some of Caleb's income is salary and some is proprietor's income e. all of Caleb's income is personal interest
A . What is the income multiplier? b. How will the income multiplier change if the marginal propensity to save increases? Explain
To decrease the money supply, the Fed could
a. sell government bonds. b. increase the discount rate. c. increase the reserve requirement. d. All of the above are correct.