For a given price level, an upward shift of the expenditures schedule corresponds to an
A. inward shift of the aggregate demand curve.
B. outward shift of the aggregate demand curve.
C. outward shift of the aggregate supply curve.
D. inward shift of the aggregate supply curve.
Answer: B
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More buyer power means
a. Buyers would find it easier to capture the value created b. Buyers would find it more difficult to capture the value created c. Buyers would not be able to capture any value created d. None of the above
An investment bank is a financial institution that finances federal budget deficits at very low interest rates
a. True b. False Indicate whether the statement is true or false
Adam Smith wrote that the:
a. government should control the economy. b. public or collective interest is not promoted by people pursuing their self interest. c. pursuit of private self interest promotes the public interest in a market economy. d. economic problems of eighteenth-century England were caused by free markets.
Consider the statement: "When the British government tripled university fees for foreign students in Great Britain, about one-half of them left to study in other countries." This move will ________ university revenues from foreign students in Great Britain.
A. not change B. increase C. decrease D. cannot determine without further information