The rightward shift of the RS curve will lead to a ________ in the real interest rate, ________ in investment, and ________ in aggregate demand
A) fall; an increase; a decrease
B) rise; an increase; an increase
C) rise; a decrease; a decrease
D) fall; an increase; an increase
E) rise; an increase; a decrease
D
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In the above figure, real GDP at full employment is
A) $16 trillion. B) $16.5 trillion. C) more than $16 and less than $16.5 trillion. D) None of the above answers is correct.
Which of the following statements is false?
A. The Dow Jones Industrial Average went down by 40 percent during the decade of the 1930s. B. Based on data from the period between 1926 and 2004, the probability of having a positive return on an investment in the stocks contained in the Dow Jones Industrial Average would have been 97.1 percent if the stocks had been held for 10 years. C. When reading the stock market page of a newspaper, if the column marked "Div." is blank, it means that the company does not currently pay out dividends. D. A stock that yields 4 percent is better than a stock that yields 5 percent, all else being the same.
Suppose the market demand curve for cable internet service is completely elastic. At the market equilibrium price under perfect competition, the consumer surplus in this market equals:
A) total consumer expenditures. B) total sales revenue. C) zero. D) an amount slightly more than total consumer expenditure.
If average labor productivity in two countries is the same, average living standards will be lower in the country with:
A. the smaller population. B. the lower share of population employed. C. the larger population. D. the higher share of population employed.