If Fredonia has a closed economy, it ________ with other countries.
A. trades
B. does not negotiate
C. prevents its citizens from traveling to other countries but trades
D. does not trade
Answer: D
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As a result of the housing-market crash:
A. aggregate demand shifted to the left, and aggregate supply shifted to the right. B. both aggregate demand and aggregate supply shifted to the right. C. both aggregate demand and aggregate supply shifted to the left. D. aggregate demand shifted to the right, and aggregate supply shifted to the left.
In the short run if the tax rate on asset income rises, then in the market clearing model:
a. household current consumption will fall compared to future consumption. b. the after tax real interest rate rises. c. current investment will fall. d. all of the above.
When the APC is greater than one,
A. the APS is negative. B. the APS is zero. C. the APS is positive. D. the APS may be positive, zero or negative.
All of the following are regulatory agencies EXCEPT
A) the National Rifle Association. B) the Environmental Protection Agency. C) the Food and Drug Administration. D) the Occupational Safety and Health Administration.