Government investment has resulted in an increase in entrepreneurial activity in Ange’s country. This will impact the country’s production possibilities curve by ______.
a. negating it
b. shifting it outward
c. shifting it inward
d. causing it to fluctuate
b. shifting it outward
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A fall in the price level
A) increases the real value of money balances, which causes borrowing to decrease, leading to a decrease in investment and total planned real expenditures. B) causes exports to rise and imports to fall, leading to an increase in total planned real expenditures. C) leads to an increase in total planned real expenditures because of the indirect effect. D) causes total planned real expenditures to increase as long as the fall is less than the fall in the price level in other countries.
Aggregate demand is defined as the total spending
a. of all consumers, business firms, government agencies, and foreigners on final goods and services produced in the United States. b. by all consumers, business firms, government agencies, and foreigners in the United States. c. consumers, businesses, government agencies, and foreigners wish to make in one year. d. of consumers, businesses, and government agencies on final output.
The great Franco-American cheese war of 2009 began with:
A. beef. B. Swiss cheese quotas. C. camembert cheese tariffs. D. cheddar cheese import restrictions.
When the demand for automobiles falls, the demand for autoworkers
A. rises. B. falls. C. may rise or fall.