To evaluate relative changes in the net public debt, we must
A) look at the absolute amount owed by the government.
B) compare it to the nation's real GDP.
C) look at the annual percentage change in the public debt.
D) compare it to the debts of all developed countries.
B
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Indicate whether the statement is true or false
In an open economy, ______ than in a closed economy.
a. expansionary policy will have a greater influence on aggregate demand b. contractionary policy will have a greater influence on aggregate demand c. both contractionary and expansionary policy will have a greater influence on aggregate demand d. both contractionary and expansionary policy will have a smaller influence on aggregate demand
Which of the following contains the two sectors whose percentage contribution to the real GDP has declined since 1900?
A. Farming and manufacturing. B. Farming and services. C. Services and exports. D. Manufacturing and exports.
For this question, assume that exchange rates are flexible and that the exchange rate expected to occur in one year is not constant. Suppose that individuals now expect that the foreign central bank will pursue expansionary monetary policy in one year. This expected future monetary expansion by the foreign central bank will cause which of the following to occur?
A) The current nominal exchange rate will decrease. B) The current nominal exchange rate will increase. C) The current nominal exchange rate will not change. D) The effects on the current nominal exchange rate are ambiguous.