According to the BEA, in the second quarter of 2012 business spending on equipment and software rose by 4.7 percent. Using the expenditure approach, this change increases
A) gross private domestic investment.
B) government expenditure on goods and services.
C) net exports of goods and services.
D) personal consumption expenditures.
A
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If smartwatches are considered substitutes for smartphones, then the decline in the price of smartwatches would, all else equal
A) increase the demand for smartphones. B) decrease the quantity of smartphones demanded. C) decrease the demand for smartphones. D) increase the quantity of smartphones demanded.
Under the Federal Reserve Act, which banks must be members of the Federal Reserve System?
A) all commercial banks B) national banks C) state banks D) all banks with capital in excess of $100 million
In the bathtub analogy, which of the following is a stock variable?
A) the amount of investment B) the rate of depreciation C) the amount of capital-per worker D) the Cobb-Douglass value
"Discouraged workers" comprise the percentage of those in the: a. labor force who are employed and are seeking employment
b. labor force who have chosen early retirement because they dislike their work. c. adult population who want to be employed but have given up the search for a job. d. labor force who are looking for a job but cannot find one. e. adult population who are in the labor force.