All other things equal, GDP will rise if:
A. imports rise.
B. exports fall.
C. durable goods consumption rises.
D. military spending falls.
Ans: C. durable goods consumption rises.
You might also like to view...
Refer to Table 13-9. Suppose that the data in the table above reflects the price levels in the economy. Given that data, we can say that the cost of living rose by ________ between 2012 and 2013?
a. 2%
b. 5%
?. 8%
d. 11%
e. 13%
What are the risks and reward for investment banks involved in underwriting a new security issue?
What will be an ideal response?
If the dollars per pound exchange rate falls, there is a(n)
a. rightward movement along a single supply of pounds curve b. leftward movement along a single supply of pounds curve c. leftward shift of the supply of pounds curve d. rightward shift of the U.S. supply of pounds curve e. tendency for the U.S. supply of pounds curve to become steeper
When forecasting exchange rates, forecasters must predict the magnitude, timing, and direction of change in exchange rates.
a. true b. false