Which of the following is included in GDP?
a. burglar alarm purchases
b. crime
c. traffic congestion
d. income equality
a. burglar alarm purchases
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An expansionary monetary policy lowers the real interest rate, causing the domestic currency to ________, thereby ________ net exports
A) appreciate; raising B) appreciate; lowering C) depreciate; raising D) depreciate; lowering
When airplanes take off and land at Logan Airport, the residents of East Boston complain about the noise. The same planes make the same noise during the trip to Boston from Paris, but on this run, over the Atlantic
a. the sound is muffled at high altitudes, creating less market failure b. market failure does not apply because it is an international flight c. there are no externalities because there are no third parties d. the positive externalities of the flight outweigh the negative externalities of the noise e. free riders are more numerous so that market failure is eliminated
In April? 2017, which of the following demographic groups had a higher rate of unemployment than the unemployment rate for the total? population?
If the economy is operating at full employment when its aggregate demand curve is AD2, then a further increase in consumption and investment spending will cause:
Refer to the figure above.
A. Cost-push inflation, and the new equilibrium output will be less than Q2
B. Demand-pull inflation, and the new equilibrium output will be less than Q2
C. Demand-pull inflation, and the new equilibrium output will be more than Q2
D. Cost-push inflation, and the new equilibrium output will be more than Q2