In the aggregate expenditures model of the economy, a downward shift in aggregate expenditures can be caused by a decrease in
A. taxes or an increase in government spending.
B. government spending or an increase in taxes.
C. saving or an increase in government spending.
D. interest rates or a decrease in taxes.
Answer: B
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The reason food prices rose so little in 1916–19 was the extraordinary increase in output from the nation's farms
Indicate whether the statement is true or false
Recall the Application about the decrease in taxes on cigarettes in several Canadian provinces in 1994 to answer the following question(s). According to this Application, after the government deceased cigarette taxes in several Canadian provinces, demand for cigarettes ________ in these provinces, shifting the demand curve to the ________.
A. increased; right B. increased; left C. decreased; right D. decreased; left
If 2015 is the base year and the inflation rate between 2015 and 2016 is 7.1, the price index in 2016 is
A. 171. B. 107.1. C. 92.9. D. 1.09.
Have poor countries been catching up to rich countries?
A. the rich countries are getting poorer and going down to the level or poor countries B. there has been no catch-up by andy of the poor countries C. there has been catch-up among all poor countries D. there has been catch-up by some poor but industrialized countries