If Jack refinished his basement himself, the value of his work
A. is included in the next year's Gross Domestic Product (GDP).
B. is only included in Gross Domestic Product (GDP) if he uses U.S. made components.
C. is included in Gross Domestic Product (GDP).
D. is not included in Gross Domestic Product (GDP).
Answer: D
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How do open market operations work?
What will be an ideal response?
The IS curve will shift to the right if:
a. the government deficit decreases. b. consumer confidence decreases. c. the MPC decreases. d. taxes decrease. e. the money supply increases.
A tight monetary policy does all of the following, except
A. raise interest rates. B. drive up the dollar relative to foreign currencies. C. raise net exports. D. increase imports.
Consider a labor market in equilibrium. If both demand curve and supply curve of labor shift to the right, then the wage rate in the market will:
A. increase. B. decrease. C. remain unchanged. D. either increase or decrease or remain unchanged.