Which of the following would not shift the aggregate demand curve? Changes in:
A. Productivity rates
B. Foreign-exchange rates
C. Real interest rates
D. Income tax rates
A. Productivity rates
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The U.S. Balance of Payments is constructed by
A) the U.S. Department of Labor. B) the U.S. Department of Agriculture. C) the U.S. Department of Commerce. D) the Council of Economic Advisers to the President.
If tastes for a good increased and the price of a substitute good decreased at the same time, as a result: a. prices would rise
b. prices would fall. c. larger quantities to be exchanged. d. we would not know which direction either prices or quantities exchanged would be altered without more information.
What does the "double coincidence of wants" refer to?
In a market economy:
A. collective decision-making is more important than individual decision-making. B. goods and services are distributed as if by an "invisible hand" to those who can not afford them. C. profit provides an incentive to be productive. D. the distribution of wealth is equitably distributed.