Between 1981 and 1986, as the federal budget deficit increased,
A. consumption spending fell.
B. investment spending was crowded out.
C. net exports increased.
D. net exports were crowded out.
Answer: D
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The number by which a change in the monetary base is multiplied to find the resulting change in the quantity of money is called the
A) desired reserve ratio. B) money multiplier. C) currency multiplier. D) currency drain. E) open market operation.
The above figure shows Jane's budget line and two of her indifference curves. How many steak dinners will Jane purchase each month?
A) 4 steak dinners B) 6 steak dinners C) 8 steak dinners D) 10 steak dinners
The utilitarian justification for redistributing income is based on the assumption of diminishing marginal utility
a. True b. False Indicate whether the statement is true or false
The short-run aggregate supply curve is upward sloping because
What will be an ideal response?