Which of the following is expected to increase aggregate demand in the short run?
a. Deficit budget
b. Surplus budget
c. Zero based budget
d. Balanced budget
a
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What is the present value of a payment of $5,000 at the end of one year and a second payment of $7,000 at the end of two years if the interest rate is 5 percent?
A) $11,201.84 B) $10,985.14 C) $11,111.11 D) $12,250.32
"John buys more of good X as his income increases, ceteris paribus," means
a. there is no cause-and-effect relationship between John's income and the quantity of good X he purchases if ceteris paribus applies b. John's demand for good X depends exclusively on income c. John's income and purchases of this good are being held constant d. the change in John's income is the only factor being considered in explaining the change in his purchase of good X e. the price of this good must have decreased in order for John to buy more of the good, regardless of changes in his income
Let's play Jeopardy. The answer is: Because more goods are produced at lower prices and no country loses. The question is:
a. Why do countries engage in dumping? b. Why do countries retaliate? c. Why do nations trade? d. Why is comparative advantage preferred to absolute advantage? e. Why is absolute advantage preferred to comparative advantage?
The labor-force participation rate tells us the fraction of the population that
a. is able to participate in the labor market. b. has ever been employed. c. has chosen to participate in the labor market. d. has chosen not to participate in the labor market.