If interest rates rose more in Japan than in the U.S., then other things the same
a. U.S. citizens would buy more Japanese bonds and Japanese citizens would buy more U.S. bonds.
b. U.S. citizens would buy more Japanese bonds and Japanese citizens would buy fewer U.S. bonds.
c. U.S. citizens would buy fewer Japanese bonds and Japanese citizens would buy more U.S. bonds.
d. U.S. citizens would buy fewer Japanese bonds and Japanese citizens would buy fewer U.S. bonds.
b
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What three parts of the economy are represented in the IS-MP model?
What will be an ideal response?
The equilibrium effects of a prospective future increase in total factor productivity include
A) an increase in the real wage and an increase in the real interest rate. B) an increase in the real wage and a decrease in the real interest rate. C) a decrease in the real wage and an increase in the real interest rate. D) a decrease in the real wage and a decrease in the real interest rate.
Use the above table. Assuming constant opportunity costs, the opportunity cost of producing a gallon of wine in Argentina is
A) 0.33 pound of beef. B) 0.5 pound of beef. C) 2 pounds of beef. D) 3 pounds of beef.
About 1 out of every _______ Americans is poor.
A. 3 B. 4 C. 6 D. 8