Which of the following impacts of a Gulf hurricane would not show up as a direct loss to GDP?
a. The reduction in crude oil production
b. The reduction in oil refining
c. The loss of oil production facilities
d. The loss of restaurant business in coastal communities
e. The reduction in agricultural production
C
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The slope of a nonlinear curve
A) changes along the curve. B) is constant. C) is negative. D) is zero.
Brinley Thomas (1954) argues that immigrants were attracted to the United States between 1815 and 1914 for all of the following reasons except
(a) Harvest failures in the home countries of the immigrants (b) Organized labor opportunities, health benefits, safe working conditions and healthy work environments in the U.S. (c) European population increases, contributing to problems associated with more mouths to feed in a stagnant European economy (d) Increasing job opportunities in an expanding U.S. economy
If the inflation rate is zero, then the nominal and real interest rate are the same
a. True b. False Indicate whether the statement is true or false
The major problem facing the economy is high unemployment and weak economic growth. The inflation rate is low and stable. Therefore, the Federal Reserve decides to pursue a policy to increase the rate of economic growth. Which policy changes by the Fed would reinforce each other to achieve that objective?
a. Selling government securities and raising the discount rate b. Selling government securities and lowering the discount rate c. Buying government securities and lowering the discount rate d. Buying government securities and raising the reserve ratio