The interest rate effect on aggregate demand indicates that a(n) ________.
A. decrease in the price level will decrease the demand for money, decrease interest rates, and increase consumption and investment spending
B. increase in the supply of money will increase interest rates and decrease interest-sensitive consumption and investment spending
C. increase in the price level will decrease the demand for money, reduce interest rates, and decrease consumption and investment spending
D. decrease in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending
Answer: A
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The health care system in Japan is referred to as ________, under which every resident of Japan is required to enroll in either a private or government-provided health insurance program
A) a single-payer system B) a universal health insurance system C) socialized medicine D) a private health care system
Games that don't have a dominant strategy:
A. do not have stable equilibrium outcomes. B. may have stable equilibrium outcomes. C. always have stable equilibrium outcomes. D. don't exist; all games have at least one dominant strategy.
Which of the following statements is true?
a. Exports tend to decrease economic efficiency. b. A nation should specialize in producing a good in which it has an absolute advantage. c. A nation should specialize in producing a good only when it has both an absolute and a comparative advantage. d. A nation should specialize in producing a good in which it has a comparative advantage. e. International trade does not reflect the benefits of specialization.
Real GDP is the product of the
A. total hours of work times the labor force. B. labor force times the output per hour. C. nation’s capital stock times the output per hour. D. total hours of work times the output per hour.