An increase in total output or real GDP is
A. Economic growth.
B. The Millennium Poverty Goal.
C. Productivity growth.
D. The inequality trap.
Answer: A
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If the exchange rate rises, then the quantity of dollars demanded ________ because with the higher U.S. exchange rate, U.S. exports ________
A) decreases; increase B) increases; decrease C) decreases; decrease D) increases; increase E) does not change; do not change
In the short run, how does the Fed change the nominal interest rate?
What will be an ideal response?
A creative entrepreneur is one who knows how to
a. Run a business b. Escape the burden of taxes c. Profitably exploit money making opportunities d. All of the above
An expansionary monetary policy will
a. increase imports. b. decrease exports. c. increase a current account deficit. d. decrease a capital account surplus.