If a nation agrees to set an upper limit on the total amount of a product that it exports to another nation, then this situation would be an example of:
A. An import quota
B. A revenue tariff
C. A protective tariff
D. A voluntary export restriction
D. A voluntary export restriction
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Label each of the entries in the list as a positive or a normative statement
What will be an ideal response?
Other things the same, if the Fed increases the rate at which it increases the money supply then the short-run Phillips curve shifts right in the long run
a. True b. False Indicate whether the statement is true or false
If many of the workers who become unemployed as a result of a recession are retail workers:
A. they will return to employment once the government announces its stimulus and consumer confidence returns. B. the retail sector is likely to remain permanently smaller. C. the government likely will be unable to target its stimulus spending for these workers. D. the government will have to rely on targeting "retail-ready" projects for stimulus spending.
In Keynes's view, an excess quantity of money supplied causes people to:
A. sell bonds and the interest rate rises. B. buy bonds and the interest rate falls. C. buy bonds and the interest rate rises. D. increase speculative balances.