In the growth debate, critics of economic growth say that it will deplete our finite economic resources.
a. true
b. false
Answer: a. true
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In the figure above, the shift in the supply curve for U.S. dollars from S0 to S1 could occur when
A) the U.S. interest rate rises. B) foreign interest rates rise. C) the expected future exchange rate falls. D) the current exchange rate rises.
What is the difference between the federal budget deficit and the national debt?
a. The budget deficit is the amount by which expenditures exceed revenues in a particular year, while the national debt is the cumulative effect of all past budget deficits and surpluses. b. The budget deficit is the cumulative effect of all prior national debts. c. The national debt includes all outstanding bonds, while the budget deficit excludes bonds held by government agencies. d. This is a trick question because there is no difference between the budget deficit and the national debt.
Fiscal policy is the use of taxes and spending by the government to affect aggregate demand.
Answer the following statement true (T) or false (F)
Tariffs imposed upon Japanese passenger vehicle imports into the U.S. tend to
A. harm Japanese consumers and help U.S. automakers. B. harm U.S. consumers and help U.S. automakers. C. harm U.S. consumers and help Japanese automakers. D. help U.S. consumers and harm U.S. automakers.