What actions could be taken to stabilize output in response to a large decrease in U.S. net exports?
a. increase taxes or increase the money supply
b. increase taxes or decrease the money supply
c. decrease taxes or increase the money supply
d. decrease taxes or decrease the money supply
c
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The statement that "demand increases" means that there is a
A) movement to the right along a demand curve. B) movement to the left along a demand curve. C) rightward shift of the demand curve. D) leftward shift of the demand curve.
Why do the regulated companies oppose deregulation?
a. They would be deprived of an opportunity to compete with other firms. b. They would be deprived of their rights to continue business. c. They would be denied any kind of support from the government. d. They would incur losses on account of increased competition. e. They would become unpopular as they would no longer be controlled by the government.
What does the law of comparative advantage indicate?
What will be an ideal response?
Money that has no intrinsic value and is created by a government decree is called:
A. barter money. B. commodity money. C. fiat money. D. asset money.