U.S. firms wishing to purchase European goods and services are ________ the foreign exchange market.
A. demanders of U.S. dollars in
B. supplied Euros by the Fed for use in
C. suppliers of Euros in
D. suppliers of U.S. dollars in
Answer: D
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As the U.S. economy expanded and entered the 20th century, its federal government's need for renewable revenue sources grew. Expenditures significantly increased for all of the following reasons except
(a) Military (b) Expanding regulatory agencies (c) Public works, education and sanitation (d) Foreign interventionism
Refer to the following graphs for a two-sector economy consisting of consumption and investment expenditures. Saving exceeds investment at a real income of _____ and therefore the real income level will _____ toward an equilibrium real income of _____.
a. Y4; fall; Y3
b. Y2; rise; Y3
c. Y1; rise; Y3
d. Y3; rise; Y4
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
In the above table, if the marginal factor cost is $200, how many workers would be hired?
A. 6
B. 5
C. 4
D. 3