Economists agree that the multiplier effect on real output is close to zero when:
a. inflation is very low
b. the economy is at or near full employment.
c. the national debt is relatively small.
d. "shovel-ready" projects exist.
b
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Because the Constitution forbids restraints on interstate trade
A) the U.S. may not impose tariffs on imports from NAFTA countries. B) the U.S. may not affect the international value of the $ U.S. C) the U.S. may not put restraints on foreign investments in California if it involves a financial intermediary in New York State. D) the U.S. may not impose export duties. E) the U.S. may not disrupt commerce between Florida and Hawaii.
The main reason why banks are the leading source of external finance for businesses is
A) the interest rates on bank loans are usually lower than interest rates on corporate bonds. B) banks have an information-cost advantage in reducing adverse selection problems. C) interest paid on bank loans is deductible against the corporate income tax, whereas interest paid on corporate bonds is not. D) government regulators encourage small businesses to obtain funding from banks.
The legality of which of the following actions would be determined using the rule -of-reason?
A) an agreement with a competitor firm submit a high bid on a contract B) an agreement with a competitor firm to set prices C) an agreement with a competitor firm submit a low bid on a contract D) an agreement with a customer about the markets in which the customer is allowed to resell the product
Which of the following line items was the largest credit for 2017?
a. service exports
b. service imports
c. imports of goods
d. exports of goods