Which of the following is true regarding the policy positions of George H.W. Bush and Bill Clinton in the 1992 election?
a. Bush's approach was relatively more active, while Clinton's was relatively more passive.
b. Both Bush and Clinton were advocates of a passive approach.
c. Bush's approach was relatively more passive, while Clinton's was relatively more active.
d. Both Bush and Clinton were advocates of an active approach.
c
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Suppose your college sharply raises tuition rates next year. Other things constant, what is the least likely to occur?
A) The overall demand for courses at your college will fall. B) Your college bookstore will sell fewer textbooks. C) It will be easier to find parking at your college. D) Fewer students will use your college library.
The absorption approach is a theory of the balance of payments that emphasizes how domestic spending on domestic goods changes relative to domestic output
Indicate whether the statement is true or false
Suppose the equilibrium price of a tube of toothpaste is $2, and the government imposes a price floor of $3 per tube. As a result of the price floor,
a. quantity demanded decreases. b. quantity supplied increases. c. there is a surplus. d. All of the above are correct.
If the multiplier is greater than 1 an initial (autonomous) decrease in aggregate demand will be
A. Equal to the eventual decline in spending. B. Offset by an increase in planned investment. C. Much larger than the eventual decline in spending. D. Much smaller than the eventual decline in spending.