Immigrant entrepreneurs have founded what portion of public companies in the U.S. backed by venture capital?
A. About 10%
B. About 33%
C. About 25%
D. About 50%
C. About 25%
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Assume that the Cambridge k = 0.2. If income increases by $20,000, the demand for money will change by
A) $20,000. B) $10,000. C) $5,000. D) $4,000.
The automobile, steel, and oil markets are all examples of:
a. perfectly competitive markets. b. monopolies. c. monopolistically competitive markets. d. oligopolies.
The GDP deflator is designed to
a. adjust nominal GDP for changes in the unemployment rate. b. adjust nominal GDP so as to include the problem of externalities. c. adjust nominal GDP for changes in the price level. d. calculate changes in the price of food and other consumer goods.
Which curve in the market for foreign-currency exchange shifts and which direction does it shift if the government budget deficit increases? Explain why an increase in the budget deficit shifts this curve