Use the following information to answer the next question.C = A + .875(Y - T)A = $10,000I = $2,000G = $2,500T = $1,000NX = $1,025If investment decreases by $250, what is the new equilibrium level of real GDP?
A. $114,800
B. $115,200
C. $119,200
D. $107,200
Answer: B
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The CPI attempts to:
A. balance out the consumption of different types of people in different life stages. B. balance out the consumption of different types of people in different life situations. C. capture an average across a very large group of U.S. consumers. D. All of these statements are true.
A decrease in the federal funds rate is an indication that monetary policy is expansionary.
Answer the following statement true (T) or false (F)
As of the year 2000, manufacturing, mining, and construction accounted for what percentage of total U.S. output?
A. 19 percent. B. 15 percent. C. 28 percent. D. None of the choices are correct.
Which of the following is likely to have the most effect on a country's demand for imports?
A. Foreign income B. The volume of the country's exports C. The change in the country's official settlements balance D. Prices of domestic products relative to the prices of foreign products