It can be taken in an attempt to alter ad it

This preview shows page 1 out of 1 page.

It can be taken in an attempt to alter AD. It increases the availability of money. It uses government expenditures to create demand for goods and services. It causes AD to shift to the right.
The United States can obtain rice at a lower opportunity cost if it trades corn with China than if it tried to grow rice. China has the absolute advantage in growing rice. If China trades rice for corn with the U.S., it will be the only country to benefit from the trade. The United States has the comparative advantage in growing corn.
Marginal social benefit Marginal social cost Positive externality Economic justice
The employment of women in living wage occupations raises the standard of living for families. The employment of women in living wage occupations leads to lower birth rates. GDP indirectly accounts for labor force participation. Labor force participation rates are not a good indicator of a country's economic health.
Expansionary fiscal policy led to double digit inflation. The Phillips curve represented the state of the economy at the time. Expansionary fiscal policies succeeded in lowering the unemployment rate. Disruptions in the oil supply caused the LRAS curve to move to the left.
Measures the level of income inequality in a country Measures the percentage of people looking for work and able to do so Measures quality of life indicators in different countries Depicts the level of income inequality in a country as a graph
Consumers everywhere will find American products inexpensive. European demand for U.S. goods will decrease. Demand for U.S. goods will stay the same. Demand for U.S. products will increase.
Ethnic bias toward employment Gender bias toward educational attainment level Population growth Literacy rate
Retail sales measure the current outlook for the economy. CPI measures inflation from the perspective of a consumer. Building permits are an example of leading indicators. Consumer confidence can be volatile and inconsistent over time.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture