As the economy nears the end of a recession, which of the following do we typically see?
A) further decreases in consumer spending
B) increased spending on capital goods by firms
C) increasing interest rates
D) all of the above
Answer: B
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In a perfectly competitive market, firms vigorously compete with each other by selling different varieties of the same product.
Answer the following statement true (T) or false (F)
Which of the following is true of net taxes?
What will be an ideal response?
If an effective price ceiling is placed on hamburgers, then:
A. the quantity demanded will exceed the quantity supplied. B. consumers may want government to ration hamburgers. C. a black market for hamburgers may evolve. D. All of these are likely outcomes.
A change in which of the following variables will cause a shift of the IS curve in the current period?
A) the current interest rate B) current output C) current taxes D) all of the above E) none of the above