Which one of the following is NOT a component of aggregate demand?
A. government purchases
B. goods exported to other countries
C. consumption spending
D. investment expenditures
Answer: B
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Countries without well-developed financial systems are able to sustain high levels of economic growth
Indicate whether the statement is true or false
Protectionism through _________ implementation makes imports more expensive for consumers and discourages imports.
a. quote b. tariff c. nontariff barrier d. standards
Other things being equal, the effect of an increase in the price of Coca-Cola would cause a(n):
A. upward movement along the demand curve for Coca-Cola. B. leftward shift in the demand curve for Coca-Cola. C. downward movement along the demand curve for Coca-Cola. D. rightward shift in the demand curve for Coca-Cola.
Suppose we switch the base year from 2000 to 2008. This change in the base year will cause
A) nominal GDP in every year to increase. B) nominal GDP in every year to decrease. C) both nominal and real GDP in every year to decrease. D) real GDP in every year to decrease. E) none of the above