"Expansionary fiscal policy is needed to increase Real GDP --- at least in the short run." The economist who said this most likely believes that
A) the tax multiplier is larger than the government spending multiplier.
B) the AS curve is vertical.
C) there will be a great deal of crowding out connected with a rise in government spending.
D) the AS curve is upward-sloping.
E) c and d
D
Economics
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Bob plans to spend $60 per month on DVD movie rentals and CDs. The price of a movie rental is $3 and the price of a CD is $15. If Bob rents 5 DVDs per month, how many CDs can he buy?
A) 1 B) 2 C) 3 D) 4
Economics
When the demand curve for an input is a derived demand this means that
A) the demand curve is derived from the demand for the final product being produced. B) the demand curve depends upon the MFC. C) the law of diminishing marginal product does not hold. D) the demand curve slopes upward.
Economics