When equilibrium is present in the foreign exchange market, which of the following will tend to be in balance?
What will be an ideal response?
imports plus capital outflow and exports plus capital inflow
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The credit supply curve is:
A) horizontal. B) vertical. C) downward sloping. D) upward sloping.
Refer to the above table. For each level of employment of labor shown
A) marginal product declines. B) marginal product holds constant. C) marginal product rises. D) marginal product falls for all employees beyond the 10th unit of labor.
Refer to the above diagram. When AD1 shifts to AD2, then at P1Q3 output demanded will:
A. equal output supplied. B. be less than output supplied. C. exceed output supplied. D. be at stable full-employment GDP.
In the short run, expansionary fiscal policy usually will
A) decrease the price level and decrease real GDP. B) increase the price level and increase real GDP. C) decrease the price level and increase real GDP. D) increase the price level and decrease real GDP.