A U.S. purchase of oil from overseas paid for with foreign currency it already owned
a. increases U.S. net exports, and increases U.S. net capital outflow.
b. increases U.S. net exports, and decreases U.S. net capital outflow.
c. decreases U.S. net exports, and increases U.S. net capital outflow.
d. decreases U.S. net exports, and decreases U.S. net capital outflow.
d
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The supply curve of books (which are produced using paper made from trees) will shift to the right in response to
A. a decline in college tuition. B. an increase in home building. C. a reduction in the supply of lumberjacks. D. removal of government regulations that limit timber harvests from national forests.
Positive demand shocks have a tendency to ________ real GDP relative to potential GDP and ________ the inflation rate
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
When the economy is at full employment,
a. people are not inclined to borrow so the banking system is unlikely to loan out themaximum allowable b. firms are inclined to borrow to finance investment so the banking system is likely to end up with little and possibly no excess reserves c. firms are disinclined to borrow because investment opportunities are fewer in full employment so the banking system has considerable excess reserves d. bankers become more hesitant to lend money because they are not very confident in the future e. inflation is high, which undermines people's willingness to borrow so the banking system must lower the interest rate to induce borrowing
Theoretically, what is the highest possible Herfindahl Index?
A. 100 B. 1,000 C. 10,000 D. 100,000