A rise in the value of a currency is called a(n):
A. depreciation.
B. appreciation.
C. consolation.
D. integration.
Answer: B
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The government wants to increase its spending by $1 billion to stimulate the economy and is counting on the government spending multiplier to hel
A) constructing more low income housing B) a new cruise missile for the military C) expanding the school lunch program D) providing textbooks for college students
A principal cause of the business cycle is the changes in total spending that occur in the overall economy
a. True b. False Indicate whether the statement is true or false
What is known as the Dutch disease?
a. The problem that arises when a government cannot meet its foreign debts b. The phenomenon of a boom in one industry causing declines in the rest of the economy c. A sudden and unexpected devaluation of a currency as a consequence of policy controls d. The problem that arises when high imports force an economy to borrow from external sources e. A deficit in the balance of payments of the economy that arises due to a sudden appreciation of the domestic currency
GDP is a measure of the total output of an economy
a. True b. False Indicate whether the statement is true or false