The ratio of exports to GDP for the United States in 2014 is approximately equal to
A) 6%.
B) 13%.
C) 21%.
D) 31%.
B
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Which of the following statements about the United States during the twentieth century is correct?
A) Output growth has been approximately equal to employment growth. B) Output growth has been slower than employment growth. C) Output growth has been faster than employment growth. D) Output has increased largely due to monetary and fiscal policy. E) Output has decreased largely due to monetary and fiscal policy.
The vertical intercept of the consumption function equals ________ and the slope equals ________.
A. autonomous consumption; the MPC. B. the planned component of consumption; the unplanned component of consumption. C. the unplanned component of consumption; the planned component of consumption. D. the MPC; autonomous consumption.
A depreciation in Micromania's currency, the micro, occurs when the exchange rate changes from
a. 50 micros = $2 to 25 micros = $1 b. 100 micros = $2 to 200 micros = $1 c. $1 = 75 micros to $2 = 100 micros d. $3 = 75 micros to $1 = 25 micros e. $1 = 50 micros to $2 = 50 micros
Which of the following is consistent with the idea that high money supply growth leads to high inflation?
a. the quantity theory and evidence from four hyperinflations during the 1920's
b. the quantity theory but not evidence from four hyperinflations during the 1920's
c. evidence from four hyperinflations during the 1920's but not the quantity theory
d. neither the quantity theory nor evidence from four hyperinflation during the 1920's