Which of the following equations is equivalent to the equation S - NX = I?
A. S + KI = I
B. S + I = NX - KI
C. S ? KI = NX
D. S ? I = KI
Answer: A
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When the economy is operating at full employment, the natural unemployment rate consists of only
A) cyclical unemployment. B) frictional and structural unemployment. C) frictional and cyclical unemployment. D) structural and cyclical unemployment.
Which of the following is not, in general, an aspect of inflation targeting?
A) institutional commitment to a dual mandate B) the public announcement of medium-term numerical inflation targets C) increased accountability of the central bank D) increased transparency of monetary policy
If full employment GDP is $500 billion greater than equilibrium GDP and there is a deflationary gap of $100 billion, how much is the multiplier?
What will be an ideal response?
If a local dairy farm sells its ice cream to a distributor and contractually restricts the distributor from reselling the ice cream outside of the south east, this is an example of ________.
A) a tying arrangement B) exclusive dealing C) territorial confinement D) a requirements contract