Exhibit 20-1 Money market demand and supply curves ​ Starting from an equilibrium at E1 in Exhibit 20-1, a leftward shift of the money supply curve from MS1 to MS2 would cause an excess:

Which of the following is an automatic stabilizer that moves the federal budget toward deficit during an economic contraction and toward surplus during an economic expansion?

The government wishes to reduce he price level  by reducing real GDP by $400 billion. Assuming a tax multiplier of 4 and a government spending multiplier of 5, which of the following policy prescriptions would reduce the aggregate demand curve  by $400 billion?

The equation of exchange states that:

When the government levies a $100 million tax on people’s income and puts the $100 million back into the economy in the form of a spending program, such as new interstate highway construction, the:

Exhibit 12-3 Unemployment categories According to data in Exhibit 12-3 and assuming the total number people working is  8,400, the civilian labor force is

A dramatic and sustained increase in oil prices would most likely:

Exhibit 3-3 Demand curves Assume that crackers and soup are complementary goods. Which of the graphs in Exhibit 3-3 depicts the effect of a promotional discount that decreases the price of crackers on the demand for soup?

Exhibit 2-15 Production possibilities curve In Exhibit 2-15, if the economy moves from point L to point M, the opportunity cost of producing 10 more capital goods is: 

Exhibit 2-11 Production possibilities curves In Exhibit 2-11, which of the following could have caused the production possibilities curve of an economy to shift from the one labeled A to the one labeled B?