Per capita GDP in the U.S. during the 20th century _____
a. has remained about the same
b. increased until about 1970 and decreased since then
c. was cyclical, but generally trending upward throughout the century
d. was cyclical, but generally trending downward throughout the century
c. was cyclical, but generally trending upward throughout the century.
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What is the relationship between the real interest rate, the supply of loanable funds and the demand for loanable funds?
What will be an ideal response?
Currency appreciation will decrease net exports
Indicate whether the statement is true or false
Gabby flips a fair coin and it comes up heads. Gabby suffers from the gambler's fallacy if:
A. she thinks the coin will come up heads on the next flip because it came up heads on the previous flip. B. she is more willing to bet on the outcome of the next flip. C. she thinks the coin is less likely to come up heads because it came up heads on the previous flip. D. she thinks the coin is equally likely to come up heads or tails on the next flip.
If the U.S. dollar depreciates in value relative to foreign currencies, then this will:
A. decrease aggregate demand and increase aggregate supply. B. decrease aggregate demand and aggregate supply. C. increase aggregate demand and aggregate supply. D. increase aggregate demand and decrease aggregate supply.