If real Gross Domestic Product (GDP) is $6 trillion, then unplanned business inventories will
A) rise.
B) be zero.
C) fall.
D) be equal to planned inventories.
Answer: C) fall.
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Although it declined in the first quarter of 2009, the United States was still running a trade deficit, which means that the United States would have to
A) increase the money supply. B) decrease the value of its financial account. C) devalue the dollar. D) sell some of its assets to foreigners.
If Bratty Brenda decides not to hit Tattling Tina, what would Tattling Tina's best response be?
a. Tell b. Not tell c. Run d. Hide
Economic stabilization is best achieved by
a. fixing a tolerable point on the Phillips curve and staying there b. moderate shifts in the Phillips curve during periods of inflation c. moderate shifts in the Phillips curve during periods of unemployment d. fixing a tax rate that generates maximum tax revenue e. allowing the business cycle to run its course without government interference
Import standards on specific countries usually address issues affecting:
A. foreign production practices. B. domestic producers. C. domestic consumers. D. how goods and services flow from one nation to another.