One way of reducing our trade deficit would be to get Americans to
A. save more and consume more.
B. save more and consume less.
C. save less and consume less.
D. save less and consume more.
B. save more and consume less.
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Which of the following would most likely cause a rightward shift in an economy's aggregate supply curve?
A) An increase in interest rates B) A tax increase of 50 cents per gallon for gasoline C) An across-the-board reduction of wages in the manufacturing sector D) The passage of legislation mandating a reduction in automobile pollution E) The shutdown of plants and movement of production of goods abroad
When $1 million is deposited at a bank, the required reserve ratio is 20 percent, and the bank chooses not to make any loans but to hold excess reserves instead, then, in the bank's final balance sheet
A) the assets at the bank increase by $1 million. B) the liabilities of the bank decrease by $1 million. C) reserves increase by $200,000. D) liabilities increase by $200,000.