To offset the effect of a steep rise in net exports on the economy, the government might:
a. increase government purchases.
b. decrease government purchases.
c. increase taxes
d. both (b) and (c) above
d
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In practice, the Board of Governors and FOMC typically defer to the policy proposals of the:
A) President B) Chair of the Fed C) Secretary of Treasury D) Speaker of the House
The income that people earn in resource or factor markets is called:
a. national income. b. personal income. c. disposable personal income. d. transfer payments. e. net national product.
If the total production of final output in a nation is rising and the general price level is also rising, then the nation’s real GDP will be rising faster than its nominal GDP.
Indicate whether the statement is true or false.
The removal of legal barriers alone may not be sufficient to eliminate the pay gap between whites and blacks because the increased competition may not be able to overcome
A. customer preferences that lead employers to discriminate. B. the wide gap in pay. C. employer preferences to discriminate. D. employer preferences to discriminate and customer preferences that lead employers to discriminate.