At any point above the current IS curve, there is an
A) excess demand for goods.
B) excess supply of goods.
C) excess demand for money.
D) excess supply of money.
B
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The above figure shows the U.S. market for wheat. With international trade, the price of wheat in the United States is ________ per ton and the United States ________ wheat
A) $16; exports B) $14; exports C) $14; imports D) $16; imports E) $14; does not trade
Tax cuts on business income increase aggregate demand by increasing
A) wage rates. B) government spending. C) consumption spending. D) business investment spending.
According to the graph shown, the government can restrict trade by imposing a quota of:
This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price for that good.
A. 350.
B. 900.
C. 1150.
D. 1500.
What would be the statistical discrepancy for a current account balance of -$85 billion and a capital account balance of $80 billion?
a. -$165 billion b. -$5 billion c. $5 billion d. $165 billion