Which of the following decreases aggregate demand and shifts the AD curve leftward?
A) a tax cut
B) an increase in quantity of money
C) an interest rate hike
D) a decrease in potential GDP
E) an increase in government expenditures on goods and services
C
Economics
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The federal budget is decided upon by the
A) President of the United States and the United States Treasury. B) the United States Treasury alone. C) President of the United States and the United States Congress. D) President of the United States and the Federal Reserve system. E) United States Congress and the Federal Reserve System.
Economics
Suppose your grandfather earned a salary of $12,000 in 1964. If the CPI is 31 in 1964 and 219 in 2016, then the value of your grandfather's salary in 2016 dollars is approximately
A) $84,775. B) $63,830. C) $37,200. D) $26,280.
Economics