Which type of industry is likely to see more intraindustry trade?
What will be an ideal response?
High technology
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Suppose that along the aggregate demand curve, real GDP equals $14.2 trillion when the GDP deflator is 90. If the GDP deflator were 95, real GDP along the aggregate demand curve would equal
A) more than $14.2 trillion but less than $14.8 trillion. B) less than $14.2 trillion. C) $14.2 trillion. D) more than $14.8 trillion.
When the Fed purchases federal government bonds in the open market
A) the demand for money expands. B) there is no change in the money supply. C) the money supply expands. D) the money supply contracts.
If the exchange rate is constant and U.S. imports increase, then in the foreign exchange market the
A) quantity of U.S. dollars supplied increases. B) supply of U.S. dollars increases. C) supply of U.S. dollars decreases. D) demand for U.S. dollars increases. E) quantity of U.S. dollars supplied decreases.
Differences between people's wealth is generally greater than differences between their incomes
Indicate whether the statement is true or false