When U.S. prices are falling relative to those in the rest of the world
A. U.S. imports tend to increase.
B. U.S. exports tend to increase.
C. U.S exports and U.S. imports both tend to decrease.
D. U.S. exports tend to decrease.
Answer: B
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What is the real GDP after four years if Country X's average annual growth rate is 8.6 percent and the initial real GDP was $2,756.0 million?
A) $2,993.0 million B) $3,833.5 million C) $1,077.5 million D) $3,250.4 million
Which of the following is not correct?
a. Frictional unemployment results from the process of matching workers and jobs. b. Structural unemployment results when the number of jobs is insufficient for the number of workers. c. Minimum wages are the predominant reason for unemployment in the U.S. economy. d. When a minimum-wage law forces the wage to remain above the level that balances supply and demand, it raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.
The price elasticity of supply is higher when
A. producers have less time to adjust to price changes. B. the product in question is a complementary good. C. the number of producers in the market increases over time. D. the number of buyers in the market increases.
A bank is legally required to hold a fraction of its ________ as ________
A) deposits; required reserves B) deposits; excess reserves C) loans; excess reserves D) loans; required reserves