Most immigrants to the U.S. in the 1980s and 1990s were from
a. Asia.
b. Eastern Europe.
c. Western Europe.
d. Mexico and Latin America.
d. Mexico and Latin America.
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The five most important variables that determine the level of consumption are
a. disposable income, wealth, expected future income, price level, and interest rate b. wealth, savings account balances, checking account balances, stock portfolio balances, and bond portfolio balances c. government purchases, interest rates, income, taxes, and transfers d. government purchases, saving account balances, wealth, interest rates, portfolio balances
During the 1930s,
a. ordinary citizens were not allowed to hold gold. b. the US government fixed the price at which the Treasury would by and sell gold. c. production of gold soared. d. All of the above are correct. e. Only a and b are correct.
The gap that exists when equilibrium real GDP is less than full-employment real GDP is
A. an inflationary gap. B. the short-run aggregate supply curve. C. a recessionary gap. D. money illusion.
Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Figure 16.2Refer to Figure 16.2. The ________ amount of cars is 25.
A. subsidized B. break-even C. unregulated D. efficient