Which of the following is in charge of U.S. aid to foreign countries?
a. International Monetary Fund (IMF)
b. Agency for International Development (AID)
c. New International Economic Order (NIEO)
d. World Bank
b
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Which of the following is a correct reason for stating that the United States has a fiduciary monetary system?
I. Our money is convertible to a fixed amount of silver or gold. II. Our money has a predictable value. A) I only B) II only C) Both I and II D) Neither I nor II
Tunitra consumes at a point on her budget line where her marginal rate of substitution exceeds the magnitude of the slope of her budget line. As Tunitra moves toward her consumer equilibrium point, she will move to a
A) lower budget line. B) higher budget line. C) lower indifference curve. D) higher indifference curve.
Wages are sticky when:
What will be an ideal response?
In an economy, the government wants to decrease aggregate demand by $48 billion at each price level to decrease real GDP and control demand-pull inflation. If the MPC is 0.75, then it could
A. increase taxes by $24 billion. B. decrease government purchases by $16 billion. C. decrease government purchases by $10 billion. D. increase taxes by $16 billion.