An unexpected discovery of a new mineral deposit will cause the
A. demand curve to shift outward.
B. demand curve to shift inward.
C. supply curve to shift outward.
D. supply curve to shift inward.
Answer: C
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How Monetary Policy Affects the Interest Rate?
The quality adjustment bias of the CPI refers to the failure of statisticians to:
A. take into account price changes in goods and services. B. allow for the possibility that consumers switch from products whose prices are rising. C. take into account improvements in goods and services. D. allow for the possibility that consumers switch stores at which they shop.
Fiscal expansion under fixed exchange rates will have what temporary effect?
A) the money supply will decrease. B) output will decrease. C) the exchange rate will increase. D) the exchange rate will decrease. E) there will be no effect.
If in fiscal year 2015, the federal government receives $2.2 trillion in revenues and spends $3.5 trillion for goods and services, the national debt will
a. increase by $2.2 trillion. b. increase by $1.3 trillion. c. decrease by $1.3 trillion. d. decrease by $2.2 trillion.