Between 1990 and 2007 our trade deficit
A. decreased substantially.
B. remained about the same.
C. almost doubled.
D. more than quadrupled.
D. more than quadrupled.
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The activists believe that
A) the time required for flexible prices to bring the economy back to the natural rate of unemployment is relatively short. B) the IS curve is relatively flat because of the broad range of assets whose demand is very sensitive to changes in the interest rate. C) the time required for flexible prices to return the economy to the natural level of real GDP is intolerably long. D) the severity of the Great Depression was primarily related to the large decline in the supply of money.
When the Fed engages in quantitative easing, it alters ______________________ and when the Fed makes open market purchases it alters _______________________
A) short-term interest rates; long-term interest rates B) long-term interest rates; short-term interest rates C) the required reserve ratio; income tax rates D) income tax rates; the required reserve ratio
Which of the following was an important reason why the United States did NOT sign the Kyoto Protocol?
a. It believed that exemptions for some of its major developing country trading partners (such as China and India) were unfair. b. It believed that Europe's targets were set ridiculously low. c. It believed that pollution does not cause global warming. d. It believed that targets for some of its major developing country trading partners (such as China and India) were too low.
Critics contend that the crowding-out effect will be minimal when the economy is in a recession.
Answer the following statement true (T) or false (F)