How much is the output gap if short-run output is $20.0 trillion and potential output is $20.0 trillion?
What will be an ideal response?
$0
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The dollar is regarded as the "safe haven" currency; investors flock to it when they are worried about the outlook for the global economy
Fears were at their greatest in late 2008 and early 2009 after the collapse of the Lehman Brothers investment bank in September 2008. As investors flocked to the dollar A) the demand for dollars increased and the exchange rate increased. B) the demand for dollars decreased and the exchange rate decreased. C) the supply of dollars increased and the exchange rate decreased. D) the supply of dollars decreased and the exchange rate increased.
The theory of the kinked demand curve is used to explain
a. bizarre corporate behavior. b. sales maximization. c. the maximin criterion. d. sticky prices in oligopolies.
Which of the following would call for outpayments from the United States?
A. The United States exports computer software. B. The United States purchases assets abroad. C. Foreigners purchase assets in the United States. D. Foreign tourists spend money in the United States.
Which of the following products is a leading import of the United States?
A. Grains B. Aircraft C. Petroleum D. Generating equipment