The unemployment rate for the U.S. economy in 2014 averaged about
a. 10.2 percent.
b. 8.5 percent.
c. 6.5 percent.
d. 4 percent.
c
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The policy of attempting to obtain a specific low level of inflation over the long run is referred to as:
A) inflation targeting. B) the seigniorage policy. C) the minimal inflation policy. D) price control.
If the government decides to build highly subsidized dorms for all college students, then we will see
a. an upward movement along the AD curve b. a downward movement along the AD curve c. the AD curve shift to the left d. the AD curve shift to the right e. the AS curve shift to the right
Expansionary monetary policy affects domestic income in a way that causes:
A. exports to rise. B. imports to fall. C. imports to rise. D. exports to fall.
Why are exports added to (rather than subtracted from) the other expenditure components to arrive at GDP using the expenditure method?
A. because exported goods are not valued properly, due to problems with the purchasing power parity index B. because exports account for those goods that were produced in the economy but that were not devoted to domestic consumption, used for domestic investment, or provided as government goods C. because exports have a higher profit margin for manufacturers than do similar products sold in domestic markets D. because it is only through exporting that we can generate jobs in our own economy