Which of the following is true of the United States?
a. It has been and continues to be a net capital exporter.
b. It is today the world's largest debtor nation.
c. It was, until the last decade, a net capital importer.
d. It has historically been a debtor nation.
e. It is the world's largest creditor nation.
B
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Use the following table to answer the question below.PriceQuantity SuppliedQuantity Demanded$101002951115027512190250132202201424518015265135A technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price. Because of this technological change, equilibrium output in this market
A. increased by 60 units. B. increased by 30 units. C. decreased by 60 units. D. decreased by 30 units.
Maintaining the growth of the money supply at a constant rate is an example of
A) an inflation targeting rule. B) a nominal GDP targeting rule. C) discretionary policy. D) a money demand rule. E) a money targeting rule.
A firm that faces a downward sloping demand curve is
A) a price taker. B) a price provider. C) a price searcher. D) a price creator.
The balanced budget multiplier
a. increases as MPC increases b. increases as MPC decreases c. depends on the absolute level of government spending d. is always greater than the income multiplier e. is always equal to 1