Identify the correct statement about net exports.
What will be an ideal response?
The value of net exports increases as real domestic income decreases.
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Kevin has lost his job in an automobile plant because the company switched to robots for its welding step in the assembly line. Kevin plans to go to technical school to learn how to repair microcomputers. The type of unemployment Kevin is faced with is
A. frictional. B. structural. C. cyclical. D. natural.
Refer to Figure 10-6. The market is in equilibrium. If the government budget deficit rises, which of the following would you expect to see?
A) The budget deficit will have no impact on the quantity of loanable funds demanded by firms. B) The quantity of loanable funds demanded by firms will rise above $120 million. C) The interest rate will fall below 4 percent. D) The quantity of loanable funds demanded by firms will fall below $120 million.
During which decade were John Maynard Keynes' ideas challenged?
a. 1930s b. 1940s c. 1960s d. 1970s e. 1980s
Business people often use "hunches" and intuition to make decisions regarding what to produce
a. True b. False Indicate whether the statement is true or false