An increase in the expected inflation rate will ________ the ________ for gold, ________ its price, everything else held constant
A) increase; demand; increasing
B) decrease; demand; decreasing
C) increase; supply; increasing
D) decrease; supply; increasing
A
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If real GDP ________ aggregate planned expenditure, then as a result firms ________ production
A) exceeds; decrease B) equals; increase C) exceeds; increase D) is less than; decrease E) equals; decrease
Which statement is false?
A. Foreigners have reinvested most of the dollars they have earned trading with us in U.S. government and corporate securities, real estate, and direct investment in plant and equipment. B. Until the early 1980s Americans were investing much more in foreign countries than foreigners were in the United States. C. Our capital and current accounts add up to zero. D. None of these statements are false.
Which of the following is not an example of a country's infrastructure?
a. Educational system b. Political system c. Communications system d. Transportation system
The decision by firms of the quantity of each input to demand is based on
A. the price of inputs. B. the price of output. C. techniques of production available. D. government oversight.