Most business cycle theories are
A. endogenous.
B. exogenous.
C. both endogenous and exogenous.
D. neither exogenous nor endogenous.
A. endogenous.
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If imports = 500 billion euros, exports = 700 billion euros, purchases of domestic assets by foreign residents = 600 billion euros, and purchases of foreign assets by domestic residents = 800 billion euros, what is the quantity of euros demanded in the market for foreign-currency exchange?
a. 1,100 billion euros b. 600 billion euros c. 500 billion euros d. 200 billion euros
Why are transfer payments not included in GDP?
A) The amount is too low to have any effect. B) Unemployment varies and can't be tracked. C) Money companies receive from the government isn't reported. D) They do not represent payments to those who contributed resources to currently produced goods or services.
Which of the following would be best classified as a private good?
A) a missile defense system B) police force C) radio frequency D) clothing
What phase of the business cycle is our economy experiencing at the present time? Justify your answer.
What will be an ideal response?