During this century, the growth rate of real GDP in the United States has averaged approximately
What will be an ideal response?
3 percent.
You might also like to view...
The reason we study the sequential labor negotiation game:
a. Is to show that these games usually go on for rounds and rounds b. Is to show the importance of the first mover being able to commit to an offer c. Is to show the importance of the second mover being able to commit to an offer d. Is to show the problems of prisoners dilemmas
A firm that accepts deposits from savers, and then use these deposits to make loans, is a
a. money market multiplier b. Federal Reserve bank c. financial intermediary, such as a bank d. stock broker or bond broker e. fractional reserve holder
In the open-economy macroeconomic model, if net capital outflow increases then
a. the demand for dollars in the market for foreign-currency exchange shifts right. b. the demand for dollars in the market for foreign-currency exchange shifts left. c. the supply of dollars in the market for foreign-currency exchange shifts right. d. the supply of dollars in the market for foreign-currency exchange shifts left.
The purchasing power parity theory is not a good explanation of how nominal exchange rates are determined in the short run because:
A. there is no evidence that low inflation is associated with less rapid nominal exchange rate depreciation. B. most nominal exchange rates are fixed and foreign exchange markets do not bring the supply and demand for currencies into equilibrium. C. many goods and services are not traded internationally and not all internationally-traded goods are standardized. D. most goods and services are traded internationally and are standardized.