An increase in a fixed exchange rate from $2.00 per pound to $2.10 per pound is called a(n) ________ of the pound

The aggregate demand curve shows that, if other factors are held constant, the higher the price level, the

A) greater the quantity of real GDP demanded. B) smaller the quantity of real GDP demanded. C) larger consumption expenditure. D) None of the above answers is correct.

Suppose that the MPC out of disposable income was 0.8 and the tax function for a given economy was T = – 30 + 0.25Y

An increase in the intercept of the tax function of 10 units (from – 30 to – 20) would cause equilibrium income in the simple Keynesian model to fall by a. -20 units. b. 10 units. c. 20 units. d. 40 units.