A tax imposed by a government on imports of a good into a country is called
A) a tariff. B) an import fine. C) an import levy. D) an import quota.
A
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Based on the figure above, the aggregate demand curve will shift from AD0 to AD1 when
A) the Federal Reserve lowers the interest rate. B) government expenditure decreases. C) the price level falls. D) the price level rises. E) potential GDP increases.
The steps in the process of commercial bank lending in order are
A) borrower bank search, credit analysis, borrower-bank negotiation, bank funding. B) borrower bank search, borrower-bank negotiation, credit analysis, bank funding. C) credit analysis, borrower bank search, borrower-bank negotiation, bank funding. D) borrower-bank negotiation, borrower bank search, credit analysis, bank funding.
If wages do not instantaneously adjust to reflect expected inflation that is based on an anticipated increase in the money supply,
A) the aggregate demand and positively sloped aggregate supply curve shift to the right at the same time. B) the positively sloping aggregate supply curve shifts to the left after the aggregate demand curve shifts to the right. C) the positively sloping aggregate supply curve shifts to the left before the aggregate demand curve shifts to the right. D) the positively sloping aggregate supply curve does not shift to the right at the same time as the aggregate demand curve shifts to the left.
Discuss the Coasian reasoning with an example