Refer to Figure 11.3. Assume aggregate demand is represented by AD2 and full-employment output is $5.8 trillion. If aggregate demand decreases by the amount of the AD Excess, equilibrium will occur at

When the U.S. Treasury issues new bonds to replace bonds that have matured, it is engaging in

In Figure 8.5, according to Keynesians, if equilibrium real output is Q1 and full-employment real output is Q2, an appropriate fiscal policy lever would be to

External shocks include all of the following except

Which of the following will cause an increase in U.S. imports?

Ceteris paribus, if average prices in the U.S. economy fall, then the

Unlike the classical economists, Keynes asserted that

Which of the following is true about business cycles in the United States?

Which of these indicate that a work is truly scientific?

Which statement is TRUE about a DNA molecule?