Major U.S. exporters would be likely to oppose the sort of protectionist policies favored by domestic producers that compete with imports.
a. true
b. false
a. true
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Why is the aggregate demand curve downward sloping while the aggregate expenditure line is upward sloping?
What will be an ideal response?
If the Fed's goal is to keep the interest rate fixed, a contractionary fiscal policy must be accompanied by ________ monetary policy that shifts the LM curve to the ________
A) an expansionary, right B) an expansionary, left C) a contractionary, right D) a contractionary, left
Other things constant, if the interest rate rises, people prefer to hold: a. less money because the opportunity cost of holding money has increased
b. more money because the opportunity cost of holding money has increased. c. less money because the opportunity cost of holding money has declined. d. more money because the opportunity cost of holding money has declined. e. the same amount of money because the opportunity cost of holding money is zero.
The Real GDP of country X doubled in 20 years. It follows that the annual growth rate in country X during this time period was
A) 4.0 percent. B) 5.0 percent. C) 2.8 percent. D) 3.5 percent.