The United States 2007 Gross-Public-Debt to GDP ratio is
a. similar to the ratios in most of the OECD countries
b. considerably higher than it is in most OECD countries
c. considerably lower than it is in most OECD countries
d. considerably higher than it was in 1990
e. considerably lower than it was in 1990
A
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When an exchange rate is established as a fixed peg, active intervention may be required to maintain the target-pegged rate
a. True b. False Indicate whether the statement is true or false
Within the AD/AS model, if consumers and investors become more optimistic about the future direction of the economy,
a. aggregate demand will decrease. b. aggregate demand will increase. c. long-run aggregate supply will increase. d. long-run aggregate supply will decrease.
Indians and Indian-Americans have played a pivotal role in powering Silicon Valley's digital revolution. The emigration of talented people from countries like India to countries like the United States is often called:
A. credentialism. B. the brain drain. C. Malthusianism. D. outsourcing.
Which of the following will cause the production possibilities curve to shift inward?
A. An increase in knowledge. B. A technological advance. C. An increase in the working-age population. D. A decrease in the size of the labor force.