If S = 250, T = 170, NX = -20, this makes government saving
A) -50.
B) -70.
C) 70.
D) 50.
E) -100.
E
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As a currency depreciates:
A) exports increase and imports decrease.
B) exports decrease and imports increase.
C) exports increase and imports increase.
D) exports decrease and imports decrease.
If foreign interest rates are high relative to those in the U.S. demand for dollars will:
A. decrease as investors sell their dollars to buy foreign currency for investment abroad. B. increase as investors sell their currency to buy dollars for investment. C. decrease as investors sell their currency to buy dollars for investment. D. increase as investors sell their dollars to buy foreign currency for investment.
The government budget deficit must be equal to the surplus
A. of saving over investment. B. in the current account in international trade. C. of saving over consumption. D. of saving over investment plus the trade deficit.
Shane just received a pay raise. Which of the following actions would be an example of the substitution effect on labor?
a. deciding to work extra hours b. deciding to spend more time on leisure c. deciding to purchase more expensive brands d. deciding to save more money for retirement