The economic role of government has been growing for _____ decades.
Fill in the blank(s) with the appropriate word(s).
eight
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In Figure 4-6 above, with IS0 shifting to IS1 against the upward-sloping LM curve, crowding-out is the result that
A) income stays at YO3. B) income rises to Y1 instead of to Y2. C) income rises to Y1 instead of staying at YO3. D) income rises to Y2 instead of to Y1.
If a price-taker firm selling in a competitive market offers its product at a higher price than others, it will
a. increase its profits. b. maintain its profit base if the demand for the product is inelastic. c. be able to expand output. d. not be able to sell any output.
Greg, a U.S. citizen, works only in Canada. Where is the value that his labor contribute to put in national income accounting?
What will be an ideal response?
Decreases in the real interest rate will result in a(n):
A. decrease in net exports because it will lead to an appreciation of the dollar. B. decrease in net exports because it will lead to a depreciation of the dollar. C. increase in net exports because it will lead to an appreciation of the dollar. D. increase in net exports because it will lead to a depreciation of the dollar.