Which of the following is an example of a U.S. export of services?
a. a Canadian buys a Ford automobile that was produced in the United States
b. a U.S. traveler buys an Irish knit sweater made in Ireland
c. a British citizen buys an American Airlines ticket from London to New York
d. a U.S. citizen puts money into a French money market account
e. a Japanese exchange student buys a Big Mac while attending college in California
C
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The period for which the Consumer Price Index is defined to equal 100 is called the
A) base period. B) starting point. C) beginning period. D) zero period. E) reference base period.
The inflation rate measures the
A) average price of the goods and services consumed by urban consumers. B) percentage change in the CPI from one year to the next year. C) cost of the CPI market basket at current period prices divided by the cost of the CPI market basket at base period prices. D) percentage change in the quantity of goods and services consumed by urban consumers. E) cost of the CPI market basket at base period prices divided by the cost of the CPI market basket at current period prices.
Which of the following would shift the LM curve?
A) an increase in the tax rate B) an increase in the real money supply C) a reduction in business confidence D) All of these.
The type of unemployment caused by changes in the business cycle is
a. cyclical unemployment. b. natural unemployment. c. frictional unemployment. d. structural unemployment.