Ceteris paribus, if imports increase in any given year,
A. Exports will increase.
B. NDP will increase.
C. GDP will increase.
D. GDP will decrease.
Answer: D
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GDP per capita in the U.S. on a PPP basis is closest to which level?
A) $30,000 B) $60,000 C) $45,000 D) $75,000
Monetarists argue that changes in the money supply
A. lead directly to recessions and expansions. B. do not affect GDP. C. lead to direct changes in spending. D. work indirectly via increased investment.
The deviation of unemployment from its natural rate is called cyclical unemployment
a. True b. False Indicate whether the statement is true or false
The so-called "rule of reason", based on the 1920 U.S. Steel case, stipulates that a merger of two firms in an industry is:
A. Illegal if the firms are large B. Illegal because it increases the monopoly power of the resulting firm C. Legal if there is no resulting unreasonable restraint of trade D. Legal because the firm will be subject to regulatory control