The long-run aggregate supply curve:
A. is affected by the price level.
B. never moves.
C. shifts right when the economy experiences economic growth.
D. shifts left when the economy experiences economic growth.
C. shifts right when the economy experiences economic growth.
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Trade surplus is the excess of exports over ________
A) capital outflows B) factor payments C) transfers D) imports
The phrase "a stronger U.S. dollar" means that the dollar
a. is in equilibrium on the foreign exchange market b. does not fluctuate greatly c. has been depreciating d. has been appreciating e. buys more than one unit of a foreign currency
Which nation's taxation is the lowest percentage of the nation's GDP?
a. Australia b. United States c. Germany d. Netherlands e. Sweden
Which of the following provides the strongest argument for young people making regular payments into a retirement program that invests these funds in a diverse set of stocks?
a. The prices of stocks tend to fluctuate more than the prices of bonds. b. Over short periods of time, variation in the real rate of return of stocks is greater than bonds. c. When held over lengthy periods like 30 or 40 years, historically, the rate of return on stocks has been both higher and less variable than that of bonds. d. Lower interest rates will lead to higher bond prices.