Which of the following would cause an increase in aggregate demand (AD)?
A) an increase in interest rates B) a decrease in taxes
C) a decrease in price levels D) a rise in the foreign exchange value of the dollar
B
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Unlike private placements, publicly-sold securities lack
A) any kind of statement of the financial condition of the borrower. B) a secondary market. C) a definite maturity date. D) restrictive covenants.
Which of the following countries has had the fastest rate of economic growth since 1955?
A) United States B) United Kingdom C) Germany D) Japan
Which of the following was NOT cited as contributing to unusual uncertainty having an adverse effect on aggregate supply?
A) the possibility that Congress may let the 2001, 2003 tax cuts to expire B) the Fed's limited use of monetary policy in fighting the recession C) the severity of the financial crisis D) concern that the Affordable Care Act would increase the cost of hiring workers
Prior to 1973, the world operated on a system of fixed exchange rates called the Bretton Woods system
a. True b. False Indicate whether the statement is true or false