An increase in the interest rate should ________ the demand for dollars and the value of the dollar, and net exports should ________
A) increase; increase
B) increase; decrease
C) decrease; decrease
D) increase; not change
E) decrease; increase
B
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During a recession the:
a. actual budget deficit is smaller than the structural budget deficit. b. cyclical budget deficit is larger than the structural budget deficit. c. actual budget deficit is larger than the structural budget deficit. d. structural budget deficit is larger than the cyclical budget deficit. e. none of the above.
In the 20th century, our federal budget deficits were, on average, largest in the
A. 1960s. B. 1970s. C. 1980s. D. 1990s.
Exhibit 14A-2 Macro AD-AS Model
In Exhibit 14A-2, the long-run aggregate supply curve represents:
A. potential real GDP output for this economy. B. that the economy is experiencing zero inflation. C. that the economy is experiencing technological change. D. the level of real GDP where the unemployment rate is zero.
Included in the U.S. current account is interest that U.S. residents receive on overseas assets.
Answer the following statement true (T) or false (F)