The aggregate demand curve will shift rightward when there is:
a. a decrease in government spending.
b. a decrease in incomes abroad.
c. a tax increase.
d. the expectation that future consumer income will rise.
d
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The aggregate demand multiplier effect says that an initial increase in expenditure plans leads to an induced
A) increase in consumption expenditure. B) increase in production expenditure. C) increase in government expenditures on goods and services. D) decrease in the price level. E) increase in exports.
According to the assumptions of the quantity theory of money, if the money supply increases 5 percent, then
a. both the price level and real GDP would rise by 5 percent. b. the price level would rise by 5 percent and real GDP would be unchanged. c. the price level would be unchanged and real GDP would rise by 5 percent. d. both the price level and real GDP would be unchanged.
In which decade was the poverty rate steady?
a. 1960s b. 1970s c. 1990s d. 2000s
A simultaneous game is one in which:
A. there is never a winner if players act rationally. B. players act together to achieve a common goal. C. players take turns making moves and/or decisions. D. players make their moves and/or decisions at the same time.