The tax reductions, increases in defense expenditures, and budget deficits of the 1980s are characteristic of
a. expansionary fiscal policy.
b. the crowding-out effect.
c. restrictive fiscal policy.
d. the paradox of thrift.
A
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A) real GDP to money demand B) money supply to money demand C) nominal GDP to money supply D) nominal GDP to money demand
Which of the following would NOT shift the demand curve for turkey?
A) an increase in income B) a decrease in the price of ham C) a change in people's preferences for turkey D) a change in the price of a turkey
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A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
Explain what a mutual fund is and give an example of how they can help an investor diversify.
What will be an ideal response?