Refer to the table above. If a trade deficit of $23,000 occurs in the next year, ________, all other variables remaining unchanged
A) gross domestic product will increase to $531,000 B) gross domestic product will fall to $325,000
C) gross domestic product will increase by $2,000 D) gross domestic product will fall by $2,000
B
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The fact that government has a monopoly on force _____
a. means that government can protect individual rights but is strong enough to violate them b. means that government can protect individuals rights yet is strong enough not to violate them c. means that individuals have secure and well-defined property rights d. means that individuals need not worry about threats from other governments
Both foreign direct investment and foreign portfolio investment by U.S. residents increase U.S. net capital outflow
a. True b. False Indicate whether the statement is true or false
Given the exit rule, where does a firm's long-run supply curve derive from? It is the section of the:
A. MC curve that lies above the ATC curve. B. AVC curve to the right of its minimum. C. MC curve that lies above the AVC curve. D. ATC curve to the right of its minimum.
A reduction in the amount of farmable land inside a nation would cause the:
A. short-run aggregate supply curve to shift to the right. B. long-run aggregate supply curve to shift to the left. C. long-run aggregate supply curve to shift to the right. D. aggregate demand curve to shift to the right.