Which of the following would be most likely to cause a reduction in current aggregate demand in the United States?
a. Increased business optimism about the future.
b. The economies of key trading partners fall into a recession.
c. A sharp increase in the value of stocks owned by Americans.
d. An increase in the expected rate of inflation.
B
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Assume that inventories declined by more than analysts predicted. This implies that
A) planned aggregate expenditure was less than real GDP. B) planned aggregate expenditure is unrelated to real GDP. C) planned aggregate expenditure was greater than real GDP. D) planned aggregate expenditure was equal to real GDP.
Individuals will make choices to maximize their:
A. constraints. B. utility. C. income. D. values.
Which of the following statements is true?
A. The WTO allows countries to pursue environmental protection using policies that limit international trade and hence is unable to address the problem of disguised protectionism. B. The WTO allows a country to impose an import restriction on a good for health reasons as long as the country also restricts the domestic production or consumption of the good. C. The WTO is the final arbiter of whether goods pose a health or safety risk. D. The World Trade Organization (WTO) allows a country to impose a trade restriction on imports of a good because it was produced using methods that violate the importing country's environmental standards.
A multinational organization that aims to promote world economic growth through more financial stability is
A) the World Monetary Fund. B) the International Bank. C) the International Monetary Fund. D) the International Monetary Bank.