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An increase in aggregate expenditures with prices constant?
a. does not affect the aggregate demand curve
b. lowers the aggregate demand curve
c. raises the aggregate demand curve
d. may increase or decrease the aggregate demand curve
1 AnswerEconomics1 decade agoWhen the price of a good increases by 50 %, quantity demanded decreases by 2 %. What is the price elasticity?
of demand?
a. 1/25
b. 2
c. 25
d. 50
1 AnswerEconomics1 decade agoA real business cycle is likely to be the result of:?
a. a manipulation of the business cycle shortly before national elections
b. shocks to the demand side of the economy
c. discretional fiscal policy
d. shocks to the supply side of the economy
e. expansionary monetary policy
1 AnswerEconomics1 decade agoif government controlled monetary policy rather than the Fed, we might expect to see?
a. lower inflation and unemployment
b. lower inflation and higher unemployment
c. a political business cycle
d. a recessionary gap
2 AnswersEconomics1 decade agoFor a depository institution, reserves are:?
a. assets on the balance sheet
b. loans to individuals and businesses
c. borrowings
d. liabilities it owes to customers
e. checkable deposits
1 AnswerEconomics1 decade agoAssuming no crowding out, an increase of $100 in government expenditures would?
a. increase income by more than $100
b. increase income by less than $100
c. increase income by $100
d. no affect income
3 AnswersEconomics1 decade agoCurrent US currency is?
a. commodity money with intrinsic value
b. commodity money with no intrinsic value
c. fiat money with intrinsic value
d. fiat money with no intrinsic value
4 AnswersEconomics1 decade agoWhether to have more or less government involvement in the overall economy is primarily?
a. a normative economic issue
b. a political issue, and therefore the techniques of economic analysis are not applicable
c. a positive economic issue
d. equally a positive and normative issue
3 AnswersEconomics1 decade agoWhich of the following is not held constant when constructing a demand curve for good X?
a. consumer income
b. consumer tastes
c. price of good X
d. prices of other goods
2 AnswersEconomics1 decade agoWhich of the following is considered a leakage in the circular flow model?
a. consumption
b. investment
c. saving
d. government spending
1 AnswerEconomics1 decade agoTo reduce an inflationary gap, the government may?
a. raise taxes
b. increase government spending
c. increase money supply
d. lower taxes
2 AnswersEconomics1 decade agoWhich of the following is considered a liability by a depository institution?
a. reserves
b. bank loans
c. government securites
d. buildings & equipment
d. time deposits
3 AnswersEconomics1 decade agoThe short run aggregate supply curve is __, while the long run aggregate supply curve is__?
a. upward sloping, upward sloping
b. downward sloping, downward sloping
c. vertical, downward sloping
d. upward sloping, vertical
1 AnswerEconomics1 decade agoWhat are you wearing to Chelsea Clinton's wedding?
I'm thinking a white dress w/ white heels and a veil?
2 AnswersLesbian, Gay, Bisexual, and Transgender1 decade agoThe average contraction phase of the business cycle is:?
a. usually much longer than the average expansion cycle
b. usually about the same as the average expansion cycle
c. usually much shorter than the average expansion cycle
1 AnswerEconomics1 decade agoUnintended investments in inventories result when an excess of expenditures demand exsis in the economy?
true or false
1 AnswerEconomics1 decade agoThe sum of the GDP and national income is called the aggregate supply?
Is this true or false?
1 AnswerEconomics1 decade agoAutonomous consumption is the additional amount households would consume if disposable incomes were increased?
True or False?
1 AnswerEconomics1 decade agoDo savings typically fall as income rises?
1 AnswerEconomics1 decade ago