Long-run macroeconomic policy focuses on shifting the:
A. Aggregate supply curve to the left.
B. Production possibilities curve outward.
C. Aggregate demand curve to the left.
D. Money supply curve to the right.
B. Production possibilities curve outward.
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With regards to an investment project, which of the following is TRUE?
A) A risk-neutral individual is more likely to invest than a risk-averse individual. B) A risk-neutral individual is more likely to invest than a risk-loving individual. C) A risk-neutral individual is less likely to invest than a risk-averse individual. D) Not enough information is given.
Barter transactions typically take place between two individuals with the same goods to supply
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. The United States' economic system leads to an equitable distribution of income. B. One of the basic functions of the United States' government is to transfer some income from the rich and the middle class to the poor. C. The price mechanism and the definition of economics are incompatible. D. None of the statements are true.
Which of the following will most likely cause a nation's currency to appreciate on the foreign exchange market?
A. A decrease in domestic interest rates B. An increase in foreign interest rates C. Domestic inflation of 10 percent while the nation's trading partners are experiencing stable prices D. Stable domestic prices while the nation's trading partners are experiencing 10 percent inflation