Which of the following activities would impact the current account of the U.S. balance of payments?
a. The Ford Motor Company makes a direct investment in a foreign subsidiary.
b. The International Federation of Robotics holds a convention in Las Vegas.
c. The Royal Bank of Scotland loans money to an American firm.
d. Bank of America purchases stock in a European company.
b. The International Federation of Robotics holds a convention in Las Vegas.
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Should autonomous consumption fall by one dollar, the effect of this on equilibrium income can be offset if government expenditure
A) falls by one dollar. B) rises by one dollar. C) falls by 1/(1 - c) dollars. D) rises by 1/(1 - c) dollars. E) rises by c/(1 - c) dollars.
The basic task of economics is to
What will be an ideal response?
Figure 9-2
When an economy is experiencing the aggregate demand and supply conditions depicted in ,
a.
the actual rate of unemployment will equal the natural rate of unemployment.
b.
buyers and sellers will have correctly anticipated the level of prices P1.
c.
the output y1 will tend to persist into the future unless market conditions change.
d.
all of the above are correct.
Refer to the figure below. Private markets will provide ________ units of this good per day, and the socially optimal number of units per day is ________. 
A. H; G B. G; F C. F; G D. H; F