What will cause a decrease in US AD?
a. an increase in interest rates
b. a boost in consumer confidence
c. a decrease in business material costs
d. an increase in M1 and M2
Answer: a. an increase in interest rates
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In the following equation, what does the symbol ? denote?
AE ? C + I + G + (X – M) a. The equation is an estimate. b. The equation is absolute. c. The equation is just a suggestion. d. The equation is just a definition.
Net exports
A. are the smallest component of GDP. B. equal exports minus imports. C. have been negative in the United States since the mid-1970s. D. All of the choices are true of net exports.
In examining two variables, we find that as one variable changes, the other changes. These variables are said to be
A) statistics. B) independent. C) casually related. D) correlated. E) significantly related.
Which of the following is most important for young people wanting to increase their wealth and improve their living standard over time?
What will be an ideal response?