Under the gold standard, a country with a negative balance of trade would experience
A. an inflow a gold and higher prices.
B. an inflow of gold and lower prices.
C. an outflow of gold and higher prices.
D. an outflow of gold and lower prices.
D. an outflow of gold and lower prices.
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Which of the following unemployment rates can be negative?
A) the official unemployment rate reported by the Bureau of Labor Statistics B) the natural unemployment rate C) the cyclical unemployment rate D) the seasonal unemployment rate
If the graph shown represents Heather's budget constraint, and the price of hairbands were to decrease, the slope of Heather's budget constraint would become:
A. flatter, reflecting the fact that hairbands are now relatively less expensive.
B. steeper, reflecting the fact that hairbands are now relatively more expensive.
C. flatter, reflecting the fact that earrings are now relatively less expensive.
D. steeper, reflecting the fact that earrings are now relatively more expensive.
The implementation of choice architecture that alters people's behavior in a deliberate and predictable way without changing economic incentives much is called:
A. shifting. B. influencing through choice. C. baiting. D. nudging.
Deliberate changes in government expenditures and taxes to influence the level of aggregate demand in the United States
A. define automatic stabilizers. B. define discretionary fiscal policy. C. are enacted by the Council of Economic Advisers. D. operate without time lags.