Computers and insurance coverage produced in the United States and sold to people in other nations are categorized as
A) U.S. imports of goods and services.
B) U.S. exports of goods and services.
C) U.S. consumption goods and services.
D) foreign capital goods.
E) U.S. government goods and services.
Ans: B) U.S. exports of goods and services.
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In the long run, an increase in the quantity of money leads to
A) a smaller percentage increase in the real interest rate. B) a smaller percentage increase in the price level. C) an equal percentage increase in the price level. D) no effect on the price level or on real GDP. E) an equal percentage increase in the real interest rate.
The Articles of Confederation and Perpetual Union (1781) failed because they made governmental controls too restrictive and federal taxes too high
Indicate whether the statement is true or false
All of the following were important structural changes in American capitalism during the period 1960–95 except
(a) New technology in the form of automated (machine-guided) production processes (b) A capital-labor accord which allowed workers to share in productivity gains through wage increases, particularly during the 1950s and 1960s (c) An increase in self-sufficiency as the nation reduced its economic interdependence with other nations (d) A large and central role for government in directing the post-war economy
Which of the following is an interest rate effect that would most likely cause a decrease in the quantity of real GDP demanded in the nation, ceteris paribus?
a. The overall price level falls in Canada, which increases interest rates and increases investment spending. b. The overall price level rises in Finland, which increases interest rates and reduces investment spending. c. The overall price level falls in India, which decreases interest rates, and discourages investment spending. d. The overall price level rises in Brazil, which decreases interest rates and encourages investment spending.