If there is a rise in the price level, there is a(n) ________ movement along the AS curve because there is ________ in the quantity of real GDP supplied
A) upward; a decrease
B) downward; an increase
C) upward; no change
D) upward; an increase
E) downward; a decrease
D
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Which of the following is the most closed economy?
a. Germany b. Canada c. Mexico d. the United States
The large increases in the deficit during the 1980s in the United States were associated with
A) large increases in public saving. B) no change in public saving. C) large increases in private saving. D) all of the above E) none of the above
Adhering to a strict gold standard necessarily means that
A. each nation can vary its money supply in response to domestic economic conditions. B. no country will experience inflation. C. no country will have control over its monetary policy. D. no country will experience deflation.
If the government does not know the efficient level of a Pigouvian tax to correct for a negative production externality, efficiency will still be enhanced so long as the government imposes a per-unit tax.
Answer the following statement true (T) or false (F)