An open market purchase by the Fed causes the value of the dollar to
A) rise, increasing net exports. B) fall, reducing net exports.
C) rise, reducing net exports. D) fall, increasing net exports.
D
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Keynes referred to the emotions that shift supply and demand as ________.
A. preferences B. austerity measures C. animal spirits D. speculative bubbles
Refer to Table 8-5. The value added by the automobile dealer equals
A) $7,000. B) $15,000. C) $18,000. D) $25,000.
How much is the output gap if short-run output is $21.0 trillion and potential output is $20.0 trillion?
What will be an ideal response?
Refer to the information provided in Table 33.6 below to answer the question(s) that follow.
Table 33.6
Refer to Table 33.6. If the exchange rate is $1 = 3 euros, then
A. France will import both peas and carrots. B. the United States will import peas and France will import carrots. C. the United States will import carrots and France will import peas. D. the United States will import both peas and carrots.