When a nonprice change affects any of the four components of GDP the:
A. aggregate demand curve will shift left or right.
B. economy will move up or down along the aggregate demand curve.
C. aggregate demand curve will remain unaffected.
D. aggregate supply with shift left or right.
A. aggregate demand curve will shift left or right.
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When the U.S. government runs a deficit, the savings in the market for loanable funds shifts:
A. right, decreasing interest rates and increasing domestic investment and NCO. B. left, increasing interest rates and decreasing domestic investment and NCO. C. right, increasing interest rates, and increasing domestic investment and NCO. D. left, decreasing interest rates and increasing domestic investment and NCO.
Suppose that the total utility of consuming the first piece of chewing gum in a packet is 30. This means that marginal utility of consuming the first piece of gum is:
A. less than 30. B. zero. C. 30. D. more than 30.