Macro disturbances can be caused by changes in
A. Government spending only.
B. Exports only because this is the only type of expenditure that is not controllable.
C. Consumption, investment, government spending, or exports.
D. Investment only.
Answer: C
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If it is said that a currency is overvalued against the dollar, it is meant that:
A) the dollar is worth more of that currency than it would have been under a fixed exchange rate regime. B) the dollar is worth less of that currency than it would have been under a fixed exchange rate regime. C) the dollar is worth less of that currency than it would have been under a flexible exchange rate regime. D) the dollar is worth less of that currency than it would have been under a managed exchange rate regime.
Father-only single parent families have a poverty rate that is about equal to the national average poverty rate
Indicate whether the statement is true or false
Which of the following changes would increase the present value of a future payment?
a. a decrease in the size of the payment b. a decrease in the certainty of the payment actually being received c. an increase in the amount of time that elapses before receiving the payment d. a decrease in the interest rate e. none of the above
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower