If the dollar depreciates, it can be said that
A. foreign countries no longer respect the United States.
B. it falls in value within the United States.
C. it takes fewer dollars to buy foreign currencies.
D. other currencies appreciate.
Answer: D
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In the United States, recessions are informally defined as ________ in real GDP
A) two consecutive quarters of positive growth B) two consecutive quarters of negative growth C) three consecutive quarters of negative growth D) three consecutive quarters of positive growth
According to this Application, one explanation for the decline in the U.S. labor force participation rate since 1999 is
A) the increase in immigration to the United States. B) the increase in outsourcing by U.S. companies. C) the decline in the overall population. D) the increasing number of retiring baby boomers.
In the above figure, when the efficient quantity of gloves is produced, the total consumer surplus is
A) $3,000. B) $15,000. C) $22,500. D) $45,000.
Which of the following actions would increase the consumption spending component of the gross domestic product (GDP)?
a. Ann cooking dinner for Tim instead of going out b. Ann and Tim buying a used microwave oven c. Ann and Tim buying vegetables to prepare soup at home d. Tim buying Ann a dress e. Tim and Ann painting the garage themselves