Net exports include goods produced:
A. domestically that are sold domestically, less goods produced domestically that are sold abroad.
B. domestically that are sold abroad, less goods produced domestically that are sold domestically.
C. domestically that are sold abroad, less goods that are produced abroad that are sold domestically.
D. abroad that are sold domestically, less goods that are produced domestically that are sold abroad.
Answer: C
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The key difference between "quantitative easing" and "credit easing" is that ________
A) the goal of the former is to raise expected inflation B) the latter refers to a substantial change in the composition of the central bank's balance sheet C) the latter refers to a substantial expansion of the central bank's balance sheet D) the former is endorsed by Federal Reserve Chairman Ben Bernanke, while the latter was devised by Japan's Prime Minister Shinzo Abe E) none of the above
Give a few examples of how sectoral shifts temporarily cause unemployment
The primary tool of fiscal policy is
What will be an ideal response?
Suppose that some teachers have decided that economic and financial uncertainty have made the prospect of retiring more risky, and therefore carry a higher cost than not retiring. By using all available information as they act to achieve their goals,
these teachers are exemplifying the economic idea that A) people are rational. B) people respond to economic incentives. C) optimal decisions are made at the margin. D) equity is more important than efficiency.