Expansionary fiscal policy will result in a ____ price level and ____ employment in the short run.
a. higher; higher.
b. higher; lower
c. lower; higher.
d. lower; lower.
a
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Which of the following would cause a movement up (or leftward) along the demand curve for European autos in the United States?
A. An increase in the price of American autos B. A decrease in the price of American autos C. An increase in income in the United States D. An increase in the price of European cars
If an individual has $10,000 in a savings account paying 3% and the inflation rate is 2%, the nominal interest rate is
A) 3% and the real rate is 5%. B) 5% and the real rate is 7%. C) 5% and the real rate is 3%. D) 3% and the real rate is 1%. E) 5%.
which of the following countries has better access to advanced imaging technology (measured in per capita terms) than any country in the world?
a. Great Britain b. Germany c. Canada d. Japan e. United States
A market in which profit opportunities are eliminated almost instantaneously is
A. a laissez-faire market. B. an efficient market. C. a capitalist market. D. a socialist market.