A rise in price will always result in an increase in the total amount consumers spend on a product
a. True
b. False
Indicate whether the statement is true or false
False
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In the long-run ISLM model and with everything else held constant, the long-run effect of an expansionary monetary policy is to
A) increase real output and the interest rate. B) not change either real output or the interest rate. C) increase real output and leave the interest rate unchanged. D) increase the interest rate and leave real output unchanged.
The Federal Reserve Bank of 1914 permitted the Fed to compete with banks for profits
Indicate whether the statement is true or false
Which list contains, in this order, a country whose real GDP per person grew faster and one whose real GDP per person grew slower than real GDP per person in the U.S. over about the last 100 years?
a. Bangladesh, India b. China, United Kingdom c. Japan, Brazil d. Pakistan, Mexico
If the market for pizzas is a perfectly competitive market, an individual consumer can influence the price of pizza if she stops buying pizza.
a. true b. false