In the short run, the net effect of an expansionary monetary policy is a lower trade deficit.
Answer the following statement true (T) or false (F)
False
In the short run, the increase in income produced by an expansionary monetary policy raises the trade deficit.
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In the context of growth, the goal of stabilization policy once per capita output is equal to potential per capita output is to
A) insure that the percentage change in per capita output and potential per capita output over time are equal. B) raise the growth rate of potential per capita output above that of per capita output. C) raise the growth rate of per capita output above that of potential per capita output. D) None of the above is correct.
We expect the price elasticity of supply to be
A) negative. B) positive. C) between -1 and +1. D) zero.
The Celler-Kefauver Act of 1950 amended the:
a. Sherman Act b. Clayton Act. c. Federal Trade Commission Act. d. Wagner Act.
India is on the World Bank's list of ________ countries yet its capital city is one of the top ten centers of commerce in the world.
A. high-income B. low-income C. upper middle-income D. lower middle-income