Other things equal, an appreciation of the U.S. dollar would:
A. Increase productivity and increase aggregate supply
B. Decrease net exports and decrease aggregate demand
C. Increase the prices of imported resources and decrease aggregate supply
D. Decrease the supply of money and decrease aggregate demand
B. Decrease net exports and decrease aggregate demand
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Which of the following would be expected to decrease the demand for money in the U.S.?
A. The economy enters a boom period. B. Grocery stores begin to accept credit cards in payment. C. Political instability increases dramatically in developing nations. D. Households fear increasing computer glitches will severely limit their ability to use ATMs.
In the light of the infant industry argument, identify the industry which is likely to have substantially high initial costs
a. Fashion designing b. Retail industry c. Iron and steel industry d. Dairy industry e. Software industry
Exhibit 14A-6 Aggregate demand and supply model
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Given the shift of the aggregate demand curve from AD1 to AD2 in Exhibit 14A-6, the real GDP and price level (CPI) in long-run equilibrium will be:
A. $10 billion and 200. B. $4 billion and 150. C. $10 billion and 150. D. $10 billion and 100.
All of following are commonly considered to be common property EXCEPT
A) spotted owls in the wild. B) fish in an ocean. C) pigs raised in a farm. D) wild salmon in a river.