Which of the following would not be a consequence of an increase in the U.S. government budget deficit?
a. U.S. interest rates rise
b. U.S. net capital outflow falls
c. the real exchange rate of the U.S. dollar depreciates
d. the U.S. supply of loanable funds shifts left
c
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Technology
A) is constantly changing at every point along a production possibilities curve. B) is the recipe for combining land, labor, physical capital, and entrepreneurship to produce a good. C) does not have an effect on the amount of a good a society can produce with its given resources. D) only changes if resources change.
The group of countries more likely to have a high number of telephone lines per 1,000 people is
a. high-income countries b. zero-income countries c. infinite-income countries d. low-income countries e. middle-income countries
The free-rider problem makes a good profitable to provide by a private firm.
Answer the following statement true (T) or false (F)
In the case of Interstate Bakeries and Continental Bakery, the Justice Department concluded that:
A. the merger of two firms selling close substitutes may lead to higher prices. B. Interstate Bakeries attempted to drive out Continental by using predatory pricing. C. a merger between the two companies would save money in production costs, and so would be good for consumers. D. Continental attempted to drive out Interstate Bakeries by using predatory pricing.