If a nation produces more consumer goods and less capital goods, then the nation will have:
A. More consumption now, but less consumption later
B. Less consumption now, but more consumption later
C. More consumption now, with no effect on consumption later
D. Less consumption later, with no effect on consumption now
Answer: A
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The exchange rate between currencies depends on
A) the interest rate that can be earned on deposits of those currencies. B) the interest rate that can be earned on deposits of those currencies and the expected future exchange rate. C) the expected future exchange rate. D) national output. E) the interest rate that can be earned on deposits of those countries and the national output.
In the first quarter of 2015 the U.S. had a trade deficit. In the first quarter of 2016 exports fell and imports rose. According to these numbers what happened to net exports?
According to the method of growth accounting, which of the following contribute to economic growth?
A. capital growth B. labor growth C. technological progress D. All of these
Why would most economists default usually first to monetary policy for stabilization before using fiscal policy?
What will be an ideal response?