In what way does nationalism tend to be a hindering force in attaining modern economic growth and development, and in what way a facilitating force?
What will be an ideal response?
This is a question that would depend on what you have covered in lecture.
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Use the following graph to answer the next question.
Assume the economy is initially located on AD0 and AS0. An increase in personal income taxes would result in price ________ and real domestic output ________.
A. E; B B. F; C C. F; A D. G; B
A depreciation of the U.S. dollar makes American goods cheaper relative to foreign goods, resulting in a ________ in net exports in the U.S. and a ________ shift of the IS curve in the U.S., everything else held constant
A) fall; leftward B) rise; leftward C) fall; rightward D) rise; rightward
Which of the following is likely to cause a decrease in the natural rate of unemployment?
A) an increase in the percentage of the working-age population receiving disability insurance B) a decrease in the use of temporary workers C) a growing percentage of young workers in the labor force D) generous unemployment insurance benefits