An economic recession in Japan will cause the aggregate demand curve in the United States to shift to the right
a. True
b. False
Indicate whether the statement is true or false
False
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Using the information in the table above, calculate the government's budget deficit or surplus
A) $2 B) -$4 C) -$10 D) $4
The United States has more income inequality than Japan, Germany, and France
a. True b. False Indicate whether the statement is true or false
Imagine the U.S. economy is in long-run equilibrium. Then suppose the value of the U.S. dollar decreases. At the same time, people in the U.S. revise their expectations so that the expected price level rises. We would expect that in the short-run
a. real GDP will rise and the price level might rise, fall, or stay the same.
b. real GDP will fall and the price level might rise, fall, or stay the same.
c. the price level will rise, and real GDP might rise, fall, or stay the same.
d. the price level will fall, and real GDP might rise, fall, or stay the same.
Use the above figure. If this monopolist was not regulated, the profit-maximizing quantity and price would be
A. Q3 and P2. B. Q2 and P1. C. Q4 and P1. D. Q2 and P3.