Microeconomics

A federal budget deficit occurs when: a. there is deflation. b. federal government purchases exceed ...

Started by Sufayan.ah

An increase in the federal budget deficit: a. only occurs when there is a deficit in the balance of ...

Started by sc00by25

If a toy store overestimates the demand for a toy in 2004 and, as a result, has an unexpectedly ...

Started by jjjetplane

The effect of a change in net taxes on the quantity of real GDP demanded equals the resulting shift ...

Started by jlmhmf

The gross domestic product (GDP) excludes: a. the value of a new building. b. the value of new ...

Started by Mollykgkg

Which of the following would increase aggregate demand? a. A deficit in the government budget b. An ...

Started by colton

The immediate effect of a purchase of a government bond on the gross domestic product (GDP) is_____. ...

Started by wrbasek0

All of the following are likely to be effective at eliminating a recessionary gap except one. Which ...

Started by genevieve1028

Gross private domestic investment consists of _____. a. spending by individual households on ...

Started by crobinson2013

A 0.2 trillion increase in government purchases increases the quantity demanded by 1.0 trillion, ...

Started by gbarreiro

Which of the following will be included in the current year's gross domestic product (GDP)? a. The ...

Started by imowrer

Which of the following is included as government purchases in gross domestic product (GDP)? a. ...

Started by nmorano1

A decrease in the marginal product of labor would be represented by a(n): a. increase in labor ...

Started by vHAUNG6011

The exact change in equilibrium output due to a shift in short-run aggregate demand depends on: a. ...

Started by londonang

If the value of exports equals 6.5 billion and the value of imports equals 8.0 billion in a year, ...

Started by futuristic

Suppose the government reduces its budget deficit at the same time that energy prices rise sharply. ...

Started by bobbie

If consumption = 2,000, investment = 600, government purchases = 500, net exports = 40, transfer ...

Started by Medesa

Featherbedding allows unions to increase wages by: a. limiting the supply of labor. b. increasing ...

Started by lb_gilbert

If fiscal policy is used to close an expansionary gap, the _____. a. short-run aggregate supply ...

Started by tfester

The largest component of aggregate expenditure is _____. a. government purchases b. transfer ...

Started by jwb375

If product price increases, then: a. MP will increase. b. MFC will increase. c. MRP will ...

Started by Melani1276

Suppose the government expenditure increases by 200 and the simple spending multiplier equals 5 . ...

Started by Evvie72

Aggregate income equals: a. the sum of income earned by all laborers in the world economy. b. the ...

Started by Pineappleeh

If the economy is already at its potential output, then the spending multiplier is: a. zero in the ...

Started by Jramos095

When a firm produces and sells a refrigerator worth 1,000, its contribution to the gross domestic ...

Started by rayancarla1