Among the factors contributing to externally induced cycles are all of the following except
a. changes in international exchange rates
b. clustering of innovations
c. the interaction of the multiplier and accelerator
d. changes in consumer confidence
e. population booms
C
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If a monopolist's marginal revenue is $35 per unit and its marginal cost is $25, then
A) to maximize profit the firm should decrease output. B) to maximize profit the firm should continue to produce the output it is producing. C) to maximize profit the firm should increase output. D) Not enough information is given to say what the firm should do to maximize profit.
Suppose that in producing a GDP of 3000, goods worth 200 go unsold and are unintentionally added to business inventories. These goods
A) are not counted in total expenditure. B) are part of the investment component of expenditure. C) are nonetheless part of the consumption component of expenditure. D) are classified as net exports and are subtracted from total expenditures.
If a U.S. citizen deposits $10,000 in a foreign bank, and the bank uses the $10,000 to buy assets in the U.S., then ________
A) the U.S. has experienced a net capital outflow B) the U.S. has experienced an increase in net exports C) the foreign economy has experienced a net capital outflow D) the foreign economy has experienced an increase in net exports E) none of the above
Some economists argue that unemployment compensation increases the natural rate of unemployment because it increases the amount of time people spending finding new work while without work
Additionally, it makes unemployment more visible with the steady growth in urbanization. Indicate whether the statement is true or false