Suppose Japanese real interest rates fall. Typically, we should expect a ____________ shift of the U.S. AD curve with a ___________________ shift in United States real interest rates

Judy's Gymnastics is one of a number of firms in an area offering children's gymnastics programs. Judy's advertises that her program is different from all the others because of the classical music she plays during classes. Judy's advertising campaign is

a. wasteful since she's in a perfectly competitive market b. unnecessary since she already has a monopoly c. aimed at increasing market share d. an attempt to make the demand for her classes more elastic e. an example of misleading advertising

The official poverty level is based on pretax income including cash. Which of the following statements is correct regarding this official specification of poverty?

A) This is a good definition of poverty since it is made up of the income from productive resources. B) This is not a good definition of poverty because our tax structure consists of different tax brackets based on income. C) This is not a good definition of poverty because it does not include in-kind subsidies. D) This is a good definition of poverty because it is easy to measure.