If the dollar appreciates, perhaps because of speculation or government policy, then U.S. net exports
a. increase which shifts aggregate demand right.
b. increase which shifts aggregate demand left.
c. decrease which shifts aggregate demand right.
d. decrease which shifts aggregate demand left.
d
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If financial markets were perfect, financial intermediaries would
A) be illegal. B) handle roughly half of all finance. C) be the conduit of all finance. D) probably not exist.
Which of the following is not a condition of monopolistic competition?
a. firms produce a similar product b. products are differentiated c. advertising may exist d. each firm charges the same price for its output
Which of the following is a difference between a corrective tax and command-and-control regulation? a. A corrective tax is more expensive than command-and-control regulation. b. A corrective tax does not generate revenue, while command-and-control regulation generates revenue
c. A corrective tax is more flexible and cost-effective than command-and-control regulation. d. A corrective tax needs to be updated with changes in technology, while command-and-control regulation does not need to be updated.
In 2009, C was closest to, but under
A. $4 trillion B. $6 trillion C. $80 billion D. over $10 trillion