If real incomes in foreign nations were growing less rapidly than U.S. real incomes, one would expect that as a result,
a. the exchange value of the dollar would decline relative to other currencies
b. the exchange value of the dollar would increase relative to other currencies.
c. there would likely be no effect on the exchange value of the dollar relative to other currencies.
d. there would be an indeterminate effect on the exchange value of the dollar relative to other currencies.
a
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Economists generally believe that tax credits and deductions that are used to create an incentive for individuals to go to college
A. cause no more people to go to college, amounting to a special break for people who would have gone to college anyway. B. cause a few more people to go to college, working somewhat as was intended. C. perversely cause fewer people to go to college. D. cause dramatically more people to go to college, working precisely as was intended.
The size of the multiplier depends on
A. the level of autonomous consumption. B. the marginal propensity to consume. C. the level of autonomous investment. D. the level of net exports.
One difference between the assets included in M1 and those added to calculate M2 is that items in M1 are
A. better stores of value than those added to compute M2. B. more liquid than those added to compute M2. C. less liquid than those added to compute M2. D. larger than those added to compute M2.
A group of firms that colludes to limit competition by assigning production quotas and setting a uniform price for all is called a(n)
a. conglomerate b. balanced oligopoly c. cartel d. oligopoly with kinked demand curves for each of the firms in the collusion e. unbalanced oligopoly