As the U.S. price level rises relative to price levels in other countries, U.S. _____
Fill in the blank(s) with the appropriate word(s).
consumption and net exports will both decrease.
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The measure of the benefit you get from consuming the next cup of coffee is your
A) marginal utility of coffee. B) total utility from coffee. C) total utility per dollar spent on coffee. D) total utility from coffee when you are at your consumer equilibrium.
Which of the following countries has the greatest degree of measured income inequality?
a. Canada b. France c. United States d. Japan
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
Which of the following concepts is most helpful in explaining why investment increases when the interest rate falls?
a. deadweight loss b. present value c. economic growth d. financial intermediation