We all behave as speculators in our economic transactions
A) because everyone likes to gamble.
B) because we all act in the hope of benefits from a correct anticipation of future events.
C) unless we never buy on credit.
D) unless we use the services of middlemen.
B
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The change in aggregate expenditures resulting from a movement in the domestic price level, which in turn changes the price of domestic goods in relation to foreign goods, is known as the:
a. international trade effect. b. multilateral equilibrium condition. c. international exchange rate effect. d. magnified international pricing effect. e. international deficit effect.
Use the following graph to answer the next question.
Suppose an economy's full employment output is at the level Q1, and the economy's current aggregate demand is represented by AD2. If the government swiftly implements contractionary fiscal policy that immediately shifts the economy's aggregate demand to AD1, the short-to-medium term aggregate demand would be most closely represented by
A. AD0. B. AD1. C. AD2. D. AD3.
Danica is running for office. A survey showed that most voters in her district describe themselves as conservative but not extremely conservative. Her opponent is running as a moderate. How should Danica portray her opponent to get the most votes and win the election?
a. as a liberal b. as a conservative c. as slightly more conservative than she is d. as slightly less conservative than she is
A reduction in G or an increase in T would lead to lower real interest rates in the United States, a depreciating dollar, and, eventually, a smaller trade deficit..
Answer the following statement true (T) or false (F)