The U.S. trade deficit reached its most negative value between ______.
a. 1975 and 1978
b. 1985 and 1988
c. 1995 and 1998
d. 2005 and 2008
d. 2005 and 2008
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A rightward shift of the investment demand curve would be caused by a(n):
a. increase in the expected rate of return on investment caused by an increase in business confidence. b. decrease in the expected rate of return on investment caused by a decrease in business confidence. c. increase in the rate of interest. d. decrease in the rate of interest.
If something is used as a medium of exchange, then a necessary condition is that it must be
a. a precious metal, such as gold or paper money b. convertible into gold c. used in barter exchange d. in abundant supply e. accepted by those using it as payment for any purchase
If P denotes the price of goods and services measured in terms of money, then
a. 1/P represents the value of money measured in terms of goods and services. b. P can be regarded as the "overall price level.". c. an increase in the value of money is associated with a decrease in P. d. All of the above are correct.
On a preference map, higher indifference curves represent higher levels of total utility.
Answer the following statement true (T) or false (F)