By making involuntary exchanges illegal,
a. criminal law eliminates such exchanges
b. tort law contributes to economic efficiency
c. criminal law channels energies into activities that benefit everyone
d. criminal law reduces producer surplus while increasing consumer surplus
e. antitrust law contributes to monopolization of markets
C
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Which of the following would decrease the current account balance of the United States?
A) a decrease in the amount of money the U.S. government sends in foreign aid to other countries B) a decrease in imports C) a decrease in the amount of income U.S. companies pay out to foreigners who own investments in the U.S. D) a decrease in the balance of trade
In the Keynesian cross diagram, an increase in investment spending because companies become more optimistic about investment profitability causes the aggregate demand function to shift ________ and the equilibrium level of aggregate output to
________, everything else held constant. A) up; rise B) up; fall C) down; rise D) down; fall