Kumiko is not at her consumer equilibrium because she sees too many movies and buys too few books. As she moves toward her consumer equilibrium, her total utility from movies will ________ and her total utility from books will ________
A) decrease; decrease
B) increase; decrease
C) decrease; increase
D) increase; increase
C
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The United States has not had a surplus in the last 30 years.
A. True B. False C. Uncertain
Richard Baldwin's estimate was that the euro increased the trade level of its users by
A) only 5 percent. B) only 9 percent. C) over 30 percent. D) over 50 percent. E) only 12 percent.
Which of the following is a possible impact of a global savings glut on a small open economy?
A) interest rate would increase B) interest rate would decrease C) domestic savings would increase D) domestic investment would increase
Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher