________ can trigger an expansion
A) An increase in autonomous expenditure
B) A decrease in induced expenditure
C) Equality between aggregate expenditure and real GDP
D) A downward shift of the AE line
E) A decrease in autonomous expenditure
A
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The supply of money must be great enough to meet ordinary transaction needs, ______
Fill in the blank(s) with the appropriate word(s).
In the 1980s, the federal government gradually ________ interest-rate ceiling on deposits at commercial banks and thrift institutions, which has ________ the costs of inflation
A) imposed, lowered B) imposed, reduced C) lifted, lowered D) lifted, reduced
Suppose Jack and Kate are at the town fair and are choosing which game to play. The first game has a bag with four marbles in it-1 red marble and 3 blue ones. The player draws one marble from the bag; if it is red, they win $20 and if it is blue, they win $1. The second game has a bag with 10 marbles in it-1 red, 4 blue, and 5 green. The player draws one marble from the bag; if it is red, they win $20; if it is blue, they win $5; and if it is green, they win $1. Both games cost $5 to play. What is the probability of drawing a red marble in each game?
A. 10 percent in both games B. 10 percent in the first game and 25 percent in the second game C. 25 percent in the first game and 10 percent in the second game D. 25 percent in both games
The spending multiplier effect is the result of a shift in the aggregate expenditures (AE) line
a. True b. False Indicate whether the statement is true or false