Individual employment and training programs are levers most likely to be advocated by:
A. Classical economists.
B. New classical economists.
C. Keynesians.
D. Supply-side economists.
D. Supply-side economists.
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During a(n) ________ many firms experience increased profits, which increases ________ and investment spending
A) expansion; cash flow B) recession; cash flow C) recession; business confidence D) expansion; government spending
If the U.S. interest rate falls at the same time there is an increase in British real GDP, which of the following would happen in the market for British pounds?
a. A rightward shift of the demand for pounds curve, a rightward shift of the supply of pounds curve, a larger number of pounds traded, and an indeterminate effect on the dollars per pound exchange rate. b. A rightward shift of the demand for pounds curve, a rightward shift of the supply of pounds curve, a larger number of pounds traded, and an increase in the dollars per pound exchange rate. c. A rightward shift of the demand for pounds curve, a rightward shift of the supply of pounds curve, a larger number of pounds traded, and a decrease in the dollars per pound exchange rate. d. A leftward shift of the demand for pounds curve, a rightward shift of the supply of pounds curve, a larger number of pounds traded, and an indeterminate effect on the dollars per pound exchange rate. e. Cannot be determined without additional information.
Which of the following groups would be aided by a depreciation of the American dollar?
A. Foreign workers. B. U.S. importers of goods from abroad. C. American producers of goods for export. D. Foreign producers of goods imported by the United States.
According to the consumption function, if the level of real disposable income increases, then
A. the level of consumption will increase but the level of saving will decrease. B. both the levels of consumption and savings will decrease. C. both the levels of consumption and savings will increase. D. the level of consumption will decrease but the level of saving will increase.