If the United States wants to increase its net exports in the short term, it might take steps to:
A. increase its GDP.
B. reduce existing tariffs and import quotas.
C. appreciate the dollar compared to foreign currencies.
D. depreciate the dollar compared to foreign currencies.
D. depreciate the dollar compared to foreign currencies.
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Use the following graph to answer the next question.
If AD1 shifts to AD2, then the equilibrium output increases from ________.
A. Q1 to Q2 while the price level rises from P1 to P2 B. Q1 to Q2 while the price level falls from P2 to P1 C. Q1 to Q3 while the price level rises from P1 to P2 D. Q1 to Q3 while the price level falls from P2 to P1
The current income you would sacrifice to start your own lawn-cutting business is part of the
A) cost of doing business. B) present value of your initial investment. C) opportunity cost of invested funds. D) opportunity cost of starting a business.
In the United States, ________ percent of all firms are corporations
A) 18 B) 60 C) 72 D) 82
In the Keynesian model, firms are best characterized as
A) perfectly competitive. B) irrational. C) price takers. D) monopolistically competitive.