If expansionary fiscal policies in theUS lead to increased budget deficits what will happen to real interest rates in the US and the value of the dollar?
a. increase; increase
b. increase; decrease
c. no change; decrease
d. decrease; increase
e. decrease; decrease
Answer: a. increase; increase
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The ________, the ________ is the quantity of real GDP supplied and the ________ is the quantity of real GDP demanded
A) lower the price level; greater; smaller B) lower aggregate demand; greater; smaller C) higher the price level; greater; smaller D) lower the supply of labor; greater; smaller E) greater the demand for labor; smaller; greater
Which of the following is a difference between a first-price sealed-bid auction and a Dutch auction?
A) The highest bidder wins in a first-price sealed-bid auction while the second-highest bidder wins in a Dutch auction. B) The second-highest bidder wins in a first-price sealed-bid auction while the highest bidder wins in a Dutch auction. C) Bids are placed privately in a first-price sealed-bid auction while bids are placed publicly in a Dutch auction. D) Bids are placed one after another in a first-price sealed-bid auction while bids are placed simultaneously in a Dutch auction.