From 1948 to 2010, the United States has experienced only 4 recessions.
Answer the following statement true (T) or false (F)
False
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Which of the following is a monetary policy intended to rein in inflation?
A. Raising the interest rates to increase investment spending B. Decreasing the money supply to shift the aggregate demand curve leftward C. Reducing interest rates to increase investment spending D. Increasing the money supply to shift the aggregate demand curve rightward
The real exchange rate is the
A) relative price of U.S. produced output relative to foreign-produced output. B) price of foreign goods relative to the price of domestic goods. C) trade-weighted index. D) current account balance.
In an economy without government or a foreign sector it is always true that
A) actual saving equals actual investment. B) actual saving equals desired investment. C) desired saving equals desired investment. D) desired saving equals actual investment.
U.S. Gross National Product includes goods produced by:
A. foreign firms on foreign soil. B. foreign firms on U.S. soil. C. U.S. firms on foreign soil. D. None of these statements is true.