In the above graph it is assumed that investment, net exports, and government expenditures:
A. Are all increasing
B. Vary directly with GDP
C. Vary inversely with GDP
D. Are independent of GDP
D. Are independent of GDP
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In monopolistically competitive markets
A) price is greater than it would be in perfect competition. B) price is less than it would be in perfect monopoly. C) quantity is greater than it would be in perfect monopoly. D) All of the above.
Which of the following parts of Social Security was not part of the original program?
A. Benefits to orphans B. Retirement benefits C. Benefits to the disabled D. Benefits to widows
According to the interest rate effect, an increase in the price level, if other factors are held constant, will lead to
A. a reduction in total real spending on interest-rate-sensitive goods. B. an outward shift of the aggregate demand curve. C. an increase in the real interest rate. D. an increase in the stock of real wealth held by the public.
A person puts a $100 bill in the glove compartment of his car in case of an emergency. This is an example of
A. the transaction demand for money. B. the irrational demand for money. C. the precautionary demand for money. D. the emergency investment demand for money.