In the crowding-out effect, ______.
a. government purchases increase interest rates, which crowd out investment and consumer spending and shift the aggregate demand curve to the left
b. higher interest rates increase investment and consumer spending, which crowd out government purchases and shift the aggregate demand curve to the left
c. government purchases lower interest rates, which crowd out unemployment and inflation and shifts the aggregate demand curve to the right
d. low interest rates lead to increased government spending, which is crowded out by investment and consumption spending and shifts the aggregate demand curve to the right
a. government purchases increase interest rates, which crowd out investment and consumer spending and shift the aggregate demand curve to the left
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Exceptions to the prohibition against cartels exist for which of the following?
a. ocean shipping rates b. various agricultural products such as milk and oranges c. transoceanic airline routes d. cardboard box manufacturers e. a through c f. a through d
Employment in the agricultural sector has fallen from over 800,000 workers in the 1970s to about 100,000 workers in 2015 . This change came about because of the adoption of new technologies that have replaced manual labor. These unemployed workers thus find themselves in a position where their unemployment may be permanent unless they can develop new job skills and, perhaps, relocate. This is an
example of _____. a. frictional unemployment b. seasonal unemployment c. cyclical unemployment d. structural unemployment
If the reserve ratio is 4 percent, then the money multiplier is
A. 25 B. 20 C. 4 D. None of the above is correct.
Some nations avoid the effects of trade deflection in a trade bloc by enforcing
A) trade deflection. B) trade diversion. C) quotas. D) rules of origin.