An expansionary fiscal policy either _____ government spending or _____ taxes.

An increase in taxes on labor income shifts the labor supply curve ________ and the ________.

An increase in wealth leads to ________ loanable funds.

Demand for a given good is inelastic, so it follows that if price rises, __________ will rise, too.

Demand is said to be ____ when the quantity demanded changes the same proportion as the price.

During a business cycle expansion, total production ________ and total employment ________.

When the price level in the United States falls relative to the price level in other countries, ceteris paribus, what does the foreign demand effect say will happen?

The total amount of real goods and services produced in the United States that foreigners and American households, firms, and government entities want to purchase is shown in a(n) ______ curve.

Household spending contributes to which components of aggregate demand?

Models that include international trade effects are called ______ models.

One of the main reasons that Lehman Brothers failed is that it ______.