Refer to Scenario 8-1. The value of each canoe in gross domestic product equals
A) $1,200. B) $800. C) $500. D) $400.
A
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In the above figure, point A represents
A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) an increase in aggregate demand.
The argument that a tariff has to be imposed in order to protect any industry just getting started until it gets large enough to be competitive internationally is the
A) start-up industry argument. B) infant industry argument. C) baby industry argument. D) fledgling industry argument.
Holding other things constant, an appreciation of the US Dollar to the Chinese Yuan might cause the demand for Yuan to _____________ and the supply for Yuan to __________
a. Increase; decrease b. Increase, increase c. Decrease; Increase d. Decrease; Decrease
Which of the following is considered part of M2?
a. Savings deposits. b. Money market mutual fund shares. c. Small time deposits of less than $100,000. d. All of these.