Brief Principles of Macroeconomics (8th Edition)

Chapter 12

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The theory of liquidity preference states that the... more

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A decrease in government spending on highway ... more

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If people become pessimistic about the future, ... more

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In the money market, when the central bank ... more

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Increase in government purchases implies more ... more

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When the central bank sets a target rate for the ... more

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$400 is less than the increase in the aggregate ... more

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Increase in aggregate demand raises the demand for... more

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When the economy goes into a recession, output, ... more

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According to the theory of liquidity preference, ... more

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A decrease in the money supply leads to a leftward... more

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Increase in government spending by $3 billion ... more

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If pessimism sweeps the country and no step is ... more

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A change in government spending through the ... more

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A tax cut that is expected to be permanent will ... more

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The government spending should be increased by $80... more

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An increase in government spending increases the ... more

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