Supply-side fiscal policies focus on improving the incentives to work, save, and invest
a. True
b. False
Indicate whether the statement is true or false
True
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If an American firm produces goods that are sold to a German household, then
A) German GDP increases but not U.S. GDP. B) U.S. GDP increases. C) the transaction is considered an export in the German GDP accounts. D) net exports in the United States will not change because an export immediately generates an offsetting import.
A good measure of a country's level of economic integration with a currency area is
A) the intersection of DD and GG. B) the country's price level. C) the compatibility of economic policies. D) the intersection of AA and GG. E) the extent of trade between the joining country and the currency area and the ease with which labor and capital can migrate between the joining country and the currency area.
For the Fed to fully eliminate the costs of inflation, how low does the inflation rate need to be?
a. 0 percent b. 3 percent c. 5 percent d. 6 percent
John is trying to decide how to divide his time between his job as a stocker in the local grocery store, which pays $7 per hour for as many hours as he chooses to work, and cleaning windows for the businesses downtown. He makes $2 for every window he cleans. John is indifferent between the two tasks, and the number of windows he can clean depends on how many hours he spends cleaning in a day, as shown in the accompanying table. Time cleaning windows (hours/day)Total number of windows cleaned0017211314416517 A second hour cleaning windows will yield additional earnings of ________.
A. $2 B. $8 C. $7 D. $14