An open market sale, an increase in the discount rate, and an increase in the reserve requirement would shift the aggregate demand curve leftward
Indicate whether the statement is true or false
TRUE
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If prices have decreased since the base period, then
A) real GDP is smaller than nominal GDP. B) real GDP is larger than nominal GDP. C) real GDP is equal to nominal GDP. D) there is no way to adjust nominal GDP so that it equals real GDP. E) real GDP can no longer be compared to nominal GDP.
The _____________ tells us when the government raises taxes, it gets more revenue per unit sold.
A. quantity effect B. income effect C. price effect D. substitution effect
If the benefits of X = $50 and the price of X = $50, then
A. you will be indifferent between buying X and keeping your money. B. $0 is the reservation price. C. $100 is the reservation price. D. you should buy X.
The process of marking to market:
A. involves the margin accounts of only the sellers of future contracts. B. is done by the clearing corporation to reduce risk in futures contracts. C. involves the margin accounts of only the buyers of future contracts. D. usually requires margin accounts to be adjusted weekly by the clearing corporation.