In 2016, the largest exporter in the world was
A) Japan.
B) Germany.
C) China.
D) the United States.
Answer: C
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What is measured on the horizontal axis when we draw a graph of the long-run aggregate supply curve?
A) production of consumer goods B) real GDP C) production of capital goods D) the price level
Which of the following is an example of the way the financial markets in the United States can encourage technological progress more efficiently than other countries?
A) The level of legal protection for investors in the United States is relatively low. B) Banks in the United States are more willing to take on risk because the government guarantees each bank cannot lose more than $100,000 on any given loan that defaults. C) Because the financial market in the United States is so large, the quantity of trading in corporate stocks and bonds makes those investments less liquid. D) Even when entrepreneurs cannot secure sufficient funding for projects from banks, venture capital firms may be willing to lend money.
Shifts in the aggregate-demand curve can cause fluctuations in
a. neither the level of output nor the level of prices. b. the level of output, but not in the level of prices. c. the level of prices, but not in the level of output. d. the level of output and in the level of prices.
Which of the following countries are lacking an abundance of natural resources?