If the Japanese economy is currently suffering from a recession, we should expect U.S. exports to Japan to
A. decrease.
B. increase.
C. remain the same.
D. increase only if the Japanese Yen depreciates.
Answer: A
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The U.S. Department of Energy is investing $60 billion in rural parts of the U.S., largely in the Great Plains, in order to develop what alternative source of energy?
a. Wind power b. Solar power c. Biofuels d. Hydroelectric
Which of the following scenarios can be classified as passive policy making?
A) The Federal Reserve cuts the federal funds rate in order to increase economic activity. B) The federal government increases spending in order to create jobs. C) The Federal Reserve adjusts the money supply as appropriate to attain a target rate of inflation. D) Congress increases expenditures in an effort to stimulate economic activity.
Efficiency is illustrated by
a. both the production possibilities frontier and the circular-flow diagram. b. neither the production possibilities frontier nor the circular-flow diagram. c. the production possibilities frontier only. d. the circular-flow diagram only.
The interest rate changes made by the Fed in 2005–2006 contributed to housing prices ______.
a. falling b. rising c. stabilizing d. doubling