Over three-fourths of the world's population lives in households that have an average income of less than ________ per year.
A. $1,000
B. $10,000
C. $4,000
D. $2,000
Answer: C
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A decrease in the demand for U.S. exports ________ the demand for U.S. dollars and shifts the demand curve for U.S. dollars ________
A) increases; rightward B) decreases; rightward C) decreases; leftward D) increases; leftward
Refer to Figure 27-6. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, Congress and the president would most likely
A) increase taxes. B) raise interest rates. C) increase oil prices. D) increase the money supply and decrease the interest rate. E) increase government spending.
Which of the following causes a leftward shift in the short-run aggregate supply curve? a. An increase of goods prices while nominal incomes are unchanged
b. An increase in nominal incomes. c. An increase of full-employment real GDP. d. An increase of personal consumption expenditures while the price level is unchanged. e. An increase of personal consumption expenditures while full-employment real GDP is unchanged.
Which of the following represents the amount of income that is actually available to people for consumption and saving?
a. Net national product b. National income c. Disposable personal income d. Gross national product e. Personal income