Which of the following countries has the largest projected net debt as a percentage of their GDP for 2016?
a. Japan
b. The U.S
c. Germany
d. Italy
e. Australia
a
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Using the figure above, if Jack and Jill specialize and gain from trade, then
A) Jack specializes on the production of soda and water. B) Jack specializes in the production of soda. C) Jack produces equal amounts of gallons of water and bottled water. D) Jack specializes in the production of bottled water. E) Jack and Jill produce beyond their PPF.
When the Fed signals how long it expects interest rates to remain at a low level, it is said to be engaging in
A) credit easing. B) forward guidance. C) quantitative easing. D) a maturity extension program.
Population growth will most likely lead to increased bottled water demand, short-term
a. shortages, and a resultant price increase b. surpluses, and a resultant price increase c. shortages, and a resultant price decrease d. surpluses, and a resultant price decrease e. surpluses, and a resultant price decrease
Figure 17.3 describes the labor market for a manufacturing industry. In the short run, an increase in the productivity of the workers will:
A. cause the equilibrium wage and the hours of labor used to increase. B. not have an effect on this market. C. cause the equilibrium wage to increase but will not change the hours of labor used. D. cause the equilibrium wage to increase and the hours of labor used to decrease.