If taxes are cut, there is
A) an increase in aggregate demand and the AD curve shifts rightward.
B) a decrease in aggregate demand and the AD curve shifts leftward.
C) an increase in the quantity of real GDP demanded and a movement up along the AD curve.
D) a decrease in the quantity of real GDP demanded and a movement down along the AD curve.
E) no change in aggregate demand, only a change in potential GDP.
A
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Which of the following best explains why both nations with high living standards and nations with low living standards face the problem of scarcity?
a. All nations face the same microeconomic issues. b. All nations face the same macroeconomic issues. c. All individuals, whether rich or poor, are dissatisfied with their material well-being and would like more. d. all of the above options are correct.
The acronym NASDAQ (one of the stock exchanges) stands for
A. National Academy of Stock Dealers Automated Quotations B. New American Securities Dealers Automated Quotations C. National Association of Securities Dealers Automated Quotations D. North American Stock Dealers Automated Quotations