In 2006, real GDP in Belgium grew at a 3 percent rate and inflation was 1.8 percent while the population did not change. As a result, there was ________ demand for money curve in Belgium.
A) a rightward shift of the
B) a leftward shift of the
C) a movement up along the
D) no change in the
Ques. 2What is a debtor nation? Is the United States a debtor nation?
What will be an ideal response?
Ques. 3A fall in the price of a firm's output
A) decreases the firm's demand for labor.
B) increases the firm's demand for labor.
C) decreases the firm's supply of labor.
D) increases the firm's supply of labor.
Ques. 4The SAS curve shifts if there is a change in the price level.
Indicate whether the statement is true or false
Ques. 5In 2007, interest rates in Germany were 4.7 percent while the inflation rate was 1.7 percent. In 2008, interest rates increased to 5.3 percent and the inflation rate increased to 2.0. As a result, there is
A) a leftward shift in Germany's demand for money curve.
B) a downward movement along Germany's demand for money curve.
C) a rightward shift in Germany's money supply curve.
D) an upward movement along Germany's demand for money curve.
Ques. 6In 2014, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future.
Consequently, in the current market for peanut butter there was ________ which resulted in a ________ in the price of peanut butter and ________ in the quantity of peanut butter. A) a decrease in supply of peanut butter and an increase in demand for peanut butter; rise; an increase, decrease or possibly no change
B) a decrease in supply of peanut butter and a decrease in demand for peanut butter; rise, fall, or possibly no change; a decrease
C) an increase in supply of peanut butter and a decrease in demand for peanut butter; fall; an increase, decrease or possibly no change
D) a decrease in supply of peanut butter and an increase in demand for peanut butter; fall; an increase, decrease or possibly no change
Ques. 7What is the relationship between net exports, the government sector surplus or deficit, and the private sector surplus or deficit?
What will be an ideal response?
Ques. 8In the figure above, line A represents the
A) the line of market income distribution.
B) line of equality.
C) line of equal number of people in each household.
D) line of equal consumption in each household.
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