How can the Fed reduce a continuing inflation?
a. By slowing the continuing downward shift of the aggregate supply curve
b. By increasing the money supply
c. By slowing the continuing leftward shift of the aggregate demand curve
d. By decreasing the required reserve ratio
e. By slowing the continuing rightward shift of the aggregate demand curve.
E
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An intermediate good is a good that is
A) neither normal nor inferior. B) used as an input. C) a stand-in for all goods. D) is tangible good that includes substantial services.
If the price of butter increases, the demand for margarine
A) will be unchanged. B) will shift outward. C) will shift inward. D) will kink into an S-curve.
If income in Austria decreases by 30 million euros and consumption decreases by 24 euros, then the MPC equals
a. 0.90. b. 0.80. c. 0.60 d. ?0.60.
Suppose a country has a national debt of $2,000 billion, a GDP of $28,000 billion, and a budget deficit of $115 billion. How much will its new national debt be?
A) $2,115 billion B) $1,885 billion C) $28,115 billion D) $25,885 billion